Three years after the BP oil spill, in which BP’s criminal negligence took the lives of eleven workers before dumping tar and oily crude over 30,000 square miles of the gulf- BP is in court this week in a civil trial where a finding of gross negligence would mean the company is liable to the U.S. for as much as $17.6 billion in Clean Water Act fines.
The question I have for you is, what is the appropriate penalty for a corporation whose record profits yielded profits of over 2 million dollars every hour of every day — is that punishment enough? Let me know in the comments- how would you levy punishment on BP?
Keep in mind that, in no uncertain terms, it is the push to maximize profits- and winner take all quarterly shareholders capitalist mentality that killed those workers and devastated the ecosystem of the Gulf of Mexico is the reason for the destruction. What we won’t hear in the civil trial is any talk of revoking BP’s corporate charter.