Disgusting Behavior by the Government Though
The Haliburton
Company, the former lair of former Vice President Dick Chaney had mounted a
vigorous defense of its activities relating to the huge explosion, deaths and resulting
oil contamination of the Gulf of Mexico in
2010. Now it
turns out that Haliburton was really just a criminal enterprise, at least
in regard to this situation.
The
oil services giant Halliburton agreed Thursday to plead guilty to destroying
evidence during the Deepwater Horizon oil spill disaster in 2010, admitting to
one count of criminal conduct and agreeing to pay the $200,000 maximum
statutory fine, according to the Justice Department.
In
a startling turn in the three-year-old criminal investigation, Halliburton said
that on two occasions during the oil spill, it directed employees to destroy or
“get rid of” simulations that would have helped clarify how to assign blame for
the blowout — and possibly focused more attention on Halliburton’s role.
Notice that Mitt Romney’s assertion that corporations
are people too is contradicted once again.
Haliburton is not going to jail; its employees are not going to jail,
and a $200,000 fine is like a couple of pennies relative to Haliburton’s
profits.
There some good news though,
Halliburton,
which has repeatedly denied responsibility and pointed fingers at BP, will be
placed on probation for three years. It also agreed to pay $55 million to
the National Fish and Wildlife Foundation even if the U.S. District Court in the Eastern District of Louisiana does not
accept its plea agreement.
The
admission is likely to complicate Halliburton’s efforts to avoid damage
payments in civil suits linked to the Deepwater Horizon spill. During the first
quarter of this year, the company took a
$637 million charge against
earnings to increase to about $1.3 billion a reserve set aside for
possible Macondo settlement costs.
Although again none of that money is really a dent in
the company’s finances or the shareholder’s returns. But maybe some regular folks will get a
little relief.
So what’s the ugly disgusting part of all of
this? It is the statement of the government
in the settlement.
Halliburton said that the Justice Department agreed not to pursue
further criminal prosecution of the company or its subsidiaries and that the
department “acknowledged the company’s significant and valuable
cooperation.”
(emphasis
added)
Look, people died in this explosion. The Gulf of Mexico
was heavily polluted with oil. Thousands
of people had their lives and their economic situation upended here.
The explosion at BP’s Macondo oil well on April 20, 2010, killed 11
people, destroyed the Deepwater Horizon drilling rig and ultimately leaked
nearly 5 million barrels of crude oil into the Gulf
of Mexico .
And now the government acknowledges a perpetrator’s ‘significant
and valuable cooperation’. Yeah that
Obama administration really is anti-business.
No comments:
Post a Comment