Showing posts with label progress report. Show all posts
Showing posts with label progress report. Show all posts

Friday, June 18, 2010

THE GULF COAST VS. BIG OIL

 The Obama administration, concerned that BP may try to avoid giving full, prompt compensation to all the people its oil disaster hurt, negotiated a $20 billion escrow fund that the company will set up to compensate Gulf Coast residents. Yet instead of supporting the administration's efforts to hold BP accountable, Barton, the top Republican on the Energy Committee, apologized to Hayward during the CEO's testimony, saying, "I'm ashamed of what happened in the White House yesterday. I think it is a tragedy of the first proportion that a private corporation can be subjected to what I would characterize as a shakedown. ... I apologize." Nowhere in his complaints about the supposed "shakedown" does Barton ever ask Hayward or BP to formally apologize for the thousands of livelihoods ruined, the workers killed, or the massive environmental disaster caused by the company's oil spill. Of course, Barton, who was employed by BP subsidiary Arco before becoming a congressman, may simply be paying the oil industry back for its generous support. He has taken $1.4 million from the oil and gas industry, including $27,350 from BP.