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BP's loans from our children by Thanos Kalamidas 2010-06-17 08:01:22 |
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How much you charge an environmental destruction that will take years, probably decades to recover? The amount of life that is going to suffer for the next decades due to the oil spill in the Gulf of Mexico is unaccountable doesn’t matter what the US and BP experts say and the changes in human life around the golf inevitable we can see it or not – we often forget that a lot of the local financial and in extent social local life depends on fishing. For the local social structure will have the same effect as if all tropical forests would vanished in Brazil and Argentina. Dramatic is one way to put it.
BP has gigantic responsibilities and the local governments including the US government are not exactly innocent. After all somebody gave them the licence to do what they do and somebody was oblige to follow the works and security procedures. I’m not blaming Barack Obama and his administration, I find his anger sincere and I hope what happened there will motivate him and his administration to do something at last. But there is something much deeper here we are missing.
BP was just the ‘unlucky’ one that has to deal with this catastrophe but I’m afraid that they will pay just because they were caught. And that is a fact that has not only to do with the oil industry but with all the sectors of the global commercial life. And this is not a new reality; it has always been like that. Companies like oil companies or banks are not exactly humanitarian institutes; they are there for the profit and the bigger the profit the bigger the risk they took. But nowadays they just don’t care. They have become totally cynic. You just need to see the emails of the BP directors that have been publicized the last weeks to understand what I mean. Their agony has nothing to do with the damage they’ve done, neither with the penalties they might pay – it is obviously all well calculated and insured with some kind of private insurance – their problem is with the price of their shares and their position in the New York or London Stock Exchange. Already Fitch has downgraded BP’s credit and that has made banks go into a series orgasms.
There were even companies – and not only oil companies – that had a party with the disaster in the Gulf of Mexico. First of all BP’s competition that saw a competitor going out of the bet for the Alaska drilling; this is not a forgotten case and the interests in the area are gigantic. Then there were the banks, the banks that keep founding BP, the banks that will be called to help and the banks that are already involved and BP is not the company that can easily declare bankruptcy, the British government is there to help them stand up. And then there are insurance companies, materials and the list is endless, with the word profit concluding everything.
Actually it is Barack Obama who put it perfectly while making a reference to the Minerals Management Service and its philosophy: “Over the last decade, this agency has become emblematic of a failed philosophy that views all regulation with hostility - a philosophy that says corporations should be allowed to play by their own rules and police themselves. At this agency, industry insiders were put in charge of industry oversight. Oil companies showered regulators with gifts and favours, and were essentially allowed to conduct their own safety inspections and write their own regulations.”
Oddly BP answered almost immediately to president Obama’s speech in a statement that “it shared Mr Obama's goal of cleaning up the oil and helping the people affected by the spill.” How odd, they are still talking about the people affected by the spill ignoring the fact that it is a whole globe affected by their careless and irresponsible drilling for profit. And again, is not just BP, it is all of them; it is a chain of companies, industries and banks that drill life in this planet just to keep their share-holders happy. The rest of us, well as an old Native American saying go, “Treat the earth well. It was not given to you by your parents; it was loaned to you by your children.”
Ovi+environment Thanos_Kalamidas Ovi Environment |
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