Remember the $20 billion compensation fund that President Obama got BP to agree to? The money would be held in escrow to assure that the thousands of people hurt - both economically and physically - by the Gulf oil disaster would be compensated.
Well, it turns out BP has been dragging its feet. And hasn't actually put any of the money into the account yet, well over a month later.
Writing over at DailyKos, Jed Lewison speculates on what this means:
You have to wonder if BP would still be dragging its heels if leading Republicans like Barton, Tom Price, and Michele Bachmann hadn't taken the oil giant's side and criticized the escrow account as a slush fund. Although those GOPers did receive public backlash for siding with BP, they also sent a signal to BP that Republicans would go easy on the company if they were to recapture Congress this fall. So, from BP's perspective, it might make sense to try to negotiate a deal with an escape valve in the hope that GOP victory would allow them to shirk their responsibilities altogether.
Check out the full story at our sister-blog, FailDrill.com
(US Coast Guard Photo)
(From Red Green and Blue)
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