|Fire boats battle a fire at the off shore oil rig Deepwater |
Horizon April 21, 2010 in the Gulf of Mexico off the coast
of Louisiana. (photo: US Coast Guard via Getty Images)
21 April 12
he BP disaster reminded the American people about some essential truths relating to corporate behavior, the need for regulatory controls over corporations, the need for effective sanctions.
The BP disaster taught us many things: Giant corporations cannot be trusted to behave responsibly, and have the ability to inflict massive damage on people and the environment. We need strong regulatory controls to curb corporate wrongdoing. We need tough penalties to punish corporate wrongdoers. There is no way to do deepwater oil drilling safely. And it is vital that citizens harmed by corporate wrongdoers maintain the right to sue to recover their losses.
Unfortunately, Congress and the Obama administration have refused to learn the lessons from the BP disaster: READ MORE