Its interesting how BP created a high profile crisis, then a man whom they gave significant sums of campaign contributions to, B.H. Obama, tries to sell the solution as Cap & Trade, which BP has lobbied for; itself standing to benefit from Cap & Trade quite handsomely through various schemes it has devised to take advantage of government subsidies and incentives.
If you step back and look at who benefits here, you can see that Obama is and has always been a BP stooge; taking their campaign “contributions,” backing their legislation, brokering “deals” like the 20B dollar escrow fund (a move which has no precedent in our society — what ever happened to the rule of law?).
Sure it all looks good as a PR stunt for Obama and BP. Play BP as the bad cop, punish them with the escrow fund, making them seem as if they’ve somehow “paid their debt to society.”
It looks good for the cameras and makes him seem like he’s doing something. Look beyond this and you’ll see the federal government refusing assistance from other nations, slowing and/or stopping the cleanup operations and generally exacerbating the dilemma.
We all knew that BP was going to have to pay claims anyways. In fact they were already processing claims. This escrow fund is just a silly stunt and the Cap & Trade sales pitch, from the oval office, well, to anyone who knows who benefits from that legislation; it has slime bag written all over it.
“…But the Kerry-BP alliance for an energy bill that included a cap-and-trade scheme for greenhouse gases pokes a hole in a favorite claim of President Obama and his allies in the media — that BP’s lobbyists have fought fiercely to be left alone. Lobbying records show that BP is no free-market crusader, but instead a close friend of big government whenever it serves the company’s bottom line.
While BP has resisted some government interventions, it has lobbied for tax hikes, greenhouse gas restraints, the stimulus bill, the Wall Street bailout, and subsidies for oil pipelines, solar panels, natural gas and biofuels.
Now that BP’s oil rig has caused the biggest environmental disaster in American history, the Left is pulling the same bogus trick it did with Enron and AIG: Whenever a company earns universal ire, declare it the poster boy for the free market.
As Democrats fight to advance climate change policies, they are resorting to the misleading tactics they used in their health care and finance efforts: posing as the scourges of the special interests and tarring “reform” opponents as the stooges of big business.
Expect BP to be public enemy No. 1 in the climate debate.
There’s a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas…”