Editorial: BP's Settlement and a Pound of Flesh

Last week’s news of BP’s $18.7 billion settlement with federal and state governments brought to close the second act of one of the worst environmental tragedies of all time. There’s no promise that the third act won’t drag out for decades and ultimately end in heartbreak either.

BP’s structured settlement means the oil producer will pay roughly $1 billion each year over the next two decades to state and local governments impacted by the 3.9 million barrels of oil dumped into the Gulf of Mexico from the Deepwater Horizon oil rig. Of course, there’s no amount of money that could assuage the grief from families of the 11 workers killed in the spill.

But the settlement doesn’t address the hundreds of individual or class action lawsuits, or many of the claims made against BP by local business owners and people since the 2010 spill. Some of those civil cases are still in court, some on appeal, and many are years away from a meaningful conclusion.

Read more
What's Wrong With This Picture: Shades Of Firestone Edition
Ford learns once again that partners can hurt as much as they help. Hat Tip: Twitter’s @ SexCigarsBooze
Read more
  • 3-On-The-Tree My 2009 C6 corvette in black looks great when it’s all washed and waxed but after driving down my 1.3 mile long dirt road it’s a dust magnet. I like white because dust doesn’t how up easily. Both my current 2021 Tundra and previous 2014 Ford F-150 3.5L Ecobomb are white
  • Bd2 Would be sweet on a Telluride.
  • Luke42 When will they release a Gladiator 4xe?I don’t care what color it is, but I do care about being able to plug it in.
  • Bd2 As I have posited here numerous times; the Hyundai Pony Coupe of 1974 was the most influential sports and, later on, supercar template. This Toyota is a prime example of Hyundai's primal influence upon the design industry. Just look at the years, 1976 > 1974, so the numbers bear Hyundai out and this Toyota is the copy.
  • MaintenanceCosts Two of my four cars currently have tires that have remaining tread life but 2017 date codes. Time for a tire-stravaganza pretty soon.