Showing posts with label Ron Paul BP. Show all posts
Showing posts with label Ron Paul BP. Show all posts

Thursday, June 24, 2010

Ron Paul: Taxpayers Already Paying for BP (NYSE:BP) Oil Spill

Ron Paul states on his website that BP (NYSE:BP) should be held completely accountable for the cleanup costs related to the Gulf of Mexico oil spill, but evidently that's already not the case, as an "upcoming supplemental bill for Gulf cleanup costs" already has "a large sum of taxpayer money" slipped into it.

Paul says the costs should be born completely by BP, and taxpayers shouldn't have to foot any of the bill. Paul didn't comment on whether or not other oil companies should participate in the cleanup costs. The point he was making is those responsible should pay for it, and not the American people.

The Texas congressman also wants liability caps removed so there is no possibility more taxpayers will have to pay anything.

As far as slipping payouts into a bill, it's outrageous when you consider BP has already committed $5 billion on an annual basis for the next four years, and that's on top of the over $2 billion they've already paid for the cleanup and paying out of claims.