BP is just having buyer’s remorse on spill settlement

Along the Gulf Coast, we are all too familiar with BP’s disingenuous advertisements. Since the Deepwater Horizon disaster on April 20, 2010, we’ve been subjected to BP’s protestations that it is trying to “make things right.” Three years and thousands of ads later, nothing could be further from the truth.

While the oil was still encroaching on our shores, BP spent millions to paint a rosy (albeit false) picture of what was taking place in our backyard in an effort to convince investors on Wall Street that it was a responsible corporate citizen.

The Deepwater Horizon tragedy, which killed 11 hard-working men, caused an as yet unknown amount of environmental damage and severely impacted our economy. BP set up its Gulf Coast Claims Facility (GCCF) under the guise that it would fairly compensate BP’s victims for their losses.

Unfortunately, in short order we came to learn that the GCCF worked better for BP than it did for the Gulf.

Jim Hood
Nola.com
7/14