“Spillionaires” Profit from BP Oil Spill

[The Straight Story]

“Spillionaires” Profit from BP Oil Spill

There certainly was a lot of cleaning up after the BP oil spill in the Gulf region, and not all of it had to do with petroleum.

While the worst oil spill in U.S. history was economically damaging for many in Louisiana, others made out like bandits—becoming what locals now call “spillionaires”—by taking advantage of BP’s largesse to compensate for its accident.

An investigation by ProPublica found some that people charged the oil company outrageous rates for cleanup, such as billing more than $15,000 a month for a generator that ordinarily costs $1,500.

Another example involved a company, owned by the cousin of the St. Bernard Parish sheriff, that charged more than $1 million a month for land it had been renting for less than $1,700 a month.

As Kim Barker wrote: “In the end, BP’s attempt to make things right—spending more than $16 billion so far, mostly on claims of damage and cleanup—created new divisions and even new wrongs. Because the federal government ceded control over spill cleanup spending to BP, it’s impossible to know for certain what that money accomplished, or what exactly was done.”

http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Spillionaires_Profit_from_BP_Oil_Spill_110415

[DainBramaged]

1. And the Pukes will scream FREE ENTERPRISE while cutting education benefits

nothing new here.