Submitted by geoxol t3_10mxvt4 in technology
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.
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.
afishda t1_j66ygi1 wrote
Good old capitalism only stands for today's profits!
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.
afishda t1_j6915o1 wrote
The Welfare state!
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