http://inhabitat.com/bp-to-pay-4-5-billion-in-damages-for-deepwater-horizon-oil-spill-in-the-gulf-of-mexico/ Green design & eco innovation for a better world Sat, 18 May 2013 14:21:36 +0000 hourly 1 http://wordpress.org/?v=abc http://inhabitat.com/bp-to-pay-4-5-billion-in-damages-for-deepwater-horizon-oil-spill-in-the-gulf-of-mexico/comment-page-1/#comment-397448 Eletruk Thu, 15 Nov 2012 22:25:47 +0000 http://inhabitat.com/?p=458880#comment-397448 Well it's about time. This should hit the oil industry hard enough that they will actually think twice before slacking on meeting regulations and safety standards. When the punishment far outweighs the cost of compliance, any profitable business will take the cost of meeting regulations over the cost of retribution. Of course, them paying the penalties means nobody is going to jail. Once again the people who do the most egregious damage to earth and society are the ones who can simply pay there way out of it. A guy can go to prison for stealing $100 from a grocery clerk, yet managers who cost lives, and jobs and billions in damages do not. Well it’s about time. This should hit the oil industry hard enough that they will actually think twice before slacking on meeting regulations and safety standards. When the punishment far outweighs the cost of compliance, any profitable business will take the cost of meeting regulations over the cost of retribution. Of course, them paying the penalties means nobody is going to jail. Once again the people who do the most egregious damage to earth and society are the ones who can simply pay there way out of it. A guy can go to prison for stealing $100 from a grocery clerk, yet managers who cost lives, and jobs and billions in damages do not.

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