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afishda t1_j65xo7o wrote

This seems like big oils solution for being responsible for uncapped wells, create a shell company to take over the burden then bankrupt it.

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r3dk0w t1_j66wi9l wrote

This is exactly what happens. The bankrupt subsidiary dissolves leaving the EPA or another government organization to clean up the mess.

We all pay for the cleanup through taxes and the oil companies get all of the benefits through profits and lack of responsibility.

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afishda t1_j66ygi1 wrote

Good old capitalism only stands for today's profits!

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l4mbch0ps t1_j690vh1 wrote

Literally what the Koch brothers just did to the tune of billions, at the cost of future taxpayer funded cleanup.

Moving money from public pockets into private pockets is the biggest grift there is.

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