BP’s conviction that it doesn’t have to honor terms of the Deepwater Horizon drilling contract is motivated by the least noble of all great actions — greed:
Prior to the capping of the well on July 15, a federal task force estimated up to 173 million gallons escaped from the damaged well into Gulf waters, less captured or contained crude. Under the Clean Water Act, BP could be fined $4.5 billion, or as much as $17.6 billion (if found guilty of committing gross negligence).Continue Reading ….
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