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There is absolutely no point to this whole 'cleanup fund'. The money would get extracted from them regardless without this whole piece of crap.
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Lagnath, how well did that work with the Valdez spill?
In my opinion, that money needs to be in escrow and adminned by a third party to prevent BP crying poor, failing to pay claims, failing to pay claims timely, suddenly changing gears and deciding that the previous liability caps should be enforced, or forcing every claim to go to litigation (all real possibilities).
I think BP has done as good as they can, and I think they intend to pay that out
as of today...but business is business and in business a promise just don't cut it.
I live in an affected coastal region, and so far it is a clusterfuck regarding clean up and claims payments.