Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, July 09, 2011

BP: Most Gulf Oil Spill Victims Should Not Get Any More Payouts

NEW ORLEANS — BP is arguing that most victims of last year's Gulf oil spill should not get any more payouts for future losses because the hardest-hit areas are recovering and the economy is growing.

The British oil company argues its case in a 29-page document made public Friday and filed with the Gulf Coast Claims Facility. The $20 billion fund is responsible for paying for damages from the spill.

The company says the fund should end payments for future losses to everyone, except in limited cases for oyster harvesters.

The company had already argued that fund administrator Ken Feinberg's formula for determining final payments artificially inflates future expected losses.

Origin
Source: Huffington  
Topics: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)