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#Post#: 4777--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: March 27, 2016, 4:58 pm
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[center]Protesters against a Vermont Gas natural gas pipeline
hold a banner in front of the building that houses the
Department of Public Service and Public Service Board on
Montpelier’s State Street. Photo by C.B. Hall/VTDigger[/center]
[center]
Public
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/> Service
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/>Board [img
width=60]
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/>considers barring public from Vermont Gas
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eminent domain
hearings [/center]
Mar. 26, 2016, 5:24 am by Mike Polhamus
The Vermont Public Service Board is considering whether to bar
the public from attending eminent domain hearings for a
controversial gas pipeline.
The board has asked participants in the Vermont Gas Systems
hearings for comment by March 31.
Protesters have interrupted eminent domain proceedings, the
March 17 court order says, “by shouting, singing loudly, and
leaving their seats to crowd the physical space around many of
the parties and the court reporter.”
Law enforcement officials have expressed doubt over whether they
can prevent protesters from disrupting future hearings. ;D
The board’s request for comment was issued in part out of
concern for the safety of participants and others who may be in
attendance at the hearings.
Jim Dumont, an attorney for several of the private landowners,
wrote in a response to the board’s order that it is wrong for
the board to treat peaceful protesters as a threat to public
safety.
“One may disagree with the protesters’ views on the efficacy or
style of their protests, but I think it ill serves reasonable
public debate about this terribly important subject to suggest
that their actions have been tainted by threats of violence,”
Dumont wrote.
Dumont told the board to do whatever they consider necessary to
maintain order during the proceedings, but said it would be
inappropriate to exclude the public. That would go against the
First Amendment, the Vermont Constitution, and Vermont’s open
meetings laws, he said.
“Any member of the public who disrupts the proceedings can be
removed by law enforcement,” he said. “There is no legitimate
reason to exclude members of the public who do not disrupt the
proceedings.”
One of the protesters said he plans to continue agitating
against the pipeline as long as he is able.
“If there are more eminent domain hearings, there will be
protests,” said Alex Porlman, an organizer with the
anti-pipeline group Rising Tide Vermont.
[quote]“The eminent domain process is structured so that the
company is always going to win
HTML http://www.pic4ever.com/images/mocantina.gif
at the end of the
day,” he said. [/quote] “It’s just the most egregious example of
the state working with the company to pave the way for the
pipeline. It’s worth fighting against, and we’ll definitely keep
doing
so.”
HTML http://www.desismileys.com/smileys/desismileys_0293.gif
Vermont Gas spokeswoman Beth Parent said she couldn’t comment on
the company’s response to the board’s order because it has not
yet been submitted.
Protesters have forestalled several attempts by the Public
Service Board to conduct hearings on eminent domain proceedings
against landowners across whose property Vermont Gas would bury
the pipeline. Protesters have also prevented multiple attempts
by appraisers to valuate the land. ;D
Vermont Gas has built an 11 mile a loop between Colchester to
Williston, which is part of the 41-mile project. When complete
it will extend to Middlebury.
The company has negotiated agreements from 98 percent of
landowners to build a pipeline through Addison County.
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width=440]
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#Post#: 4810--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 1, 2016, 9:12 pm
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Agelbert NOTE: The old Chapter 11 Bankruptcy SCAM (Expect the
Fossil Fuel Corporations, who have always yammered about being
"responsible" to shaft ALL their non-executive employees as
they go the way of the Dodo Bird).
These fossil fuel Corporate crooks and liars are always
yammering about "responsibility and hard work". But when things
get a little tight, they throw their non-executive employees in
the street and do the old Chapter 11 trick to weasel their way
out of debts, retirement obligations and health care.
And they DO all this "limited liability" = BREACH OF CONTRACT
with the full legalese approval of a bought and paid Bankruptcy
Court Judge while the executives rob the corporation blind with
golden parachutes. AND, our "Justice" Department just says it's
all part of the "limited liability" way of our grand and
glorious "democratic system"...
[center]
[img
width=240]
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So much for the "sanctity of contracts" that the fossil fuel
corporations in general, and all the conservatives in
particular, solemnly claim is part of our system.
[center]
These Corporations Have Raped the Land and Robbed the
People[/center]
[center]
[img
width=300]
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#Post#: 4825--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 3, 2016, 7:44 pm
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Agelbert NOTE: GUESS what buyer our shale gas polluting pigs
have found? These criminals will not stop until somebody STOPS
them!
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[center]
U.S. Taps India as Asia’s Debut Buyer of American Shale Gas
:P[/center]
April 1, 2016 by Bloomberg
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width=640]
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/>[/center]
[center]LNG carrier [i]Asia Vision. Photo credit: Chevron
[/i][/center]
By Debjit Chakraborty, Anna Shiryaevskaya and Harry R. Weber
(Bloomberg) — Gail India Ltd. bought the second shipment of
liquefied natural gas from Cheniere Energy Inc.’s Sabine Pass
plant in Louisiana in a deal that makes it the first Asian
importer of U.S. shale gas.
The nation’s biggest supplier will receive the cargo, bought on
spot basis, at the Dabhol import terminal on the country’s west
coast by mid-April, Vandana Chanana, a company spokeswoman, said
Friday by e-mail. Faith Parker, a spokeswoman at Cheniere in
Houston, didn’t immediately respond to a voice mail left outside
office hours and an e-mail sent Friday morning.
The deal marks the beginning of U.S. LNG exports into the
world’s biggest importing region of the super-chilled fuel, just
as regional producers from Australia to Papua New Guinea ramp up
supplies. India last year overtook South Korea as the world’s
second-biggest importer of the fuel on a spot and short-term
basis as buyers took advantage of a slump in prices brought on
by the crash in crude oil and an oversupply.
“This is the first and definitely will not be the last shipment
to go to India from the U.S. Gulf Coast,” Chris Rumley, a senior
LNG and natural gas consultant at Poten & Partners, said by
telephone from Houston on Friday. “There is terminal capacity in
India and if the price is competitive against alternative fuels,
then there’s a market there for it.”
[center]Higher Price[/center]
The delivered price of the cargo is about $5 per million British
thermal units, according to two people with direct knowledge of
the matter, who asked not to be identified because the
information is private. Chanana declined to comment on
commercial terms.
That’s higher than the $4.30 per million British thermal units
now paid by customers in northeast Asia for spot cargoes,
according to assessments by the World Gas Intelligence
publication. Prices crashed 78 percent from the peak in February
2014.
The price slump supported demand for spot cargoes in India.
Imports rose 45 percent to 9.7 million tons in 2015, the biggest
increase in spot and short-term traded volumes last year,
according to the International Group of LNG importers annual
report published this week. India imported a total of 14.6
million tons of LNG last year, unchanged from a year earlier,
according to the group.
[center]Tanker Route[/center]
The Clean Ocean LNG tanker left Sabine Pass on March 15 after
loading the second export cargo from the terminal. It’s sailing
toward South Africa, according to ship-tracking data on Friday.
Some analysts had expected the vessel to go elsewhere, perhaps
to South America because of demand there for the power-plant
fuel and because of the content of the gas Cheniere was
producing.
“We initially thought when it left it would be Rio or Kuwait,
because of there being hotter gas, meaning higher ethane and C+
content, in the tanks when they started to liquefy,” Jason Lord,
LNG analyst for energy data provider Genscape Inc., said by
telephone from Boulder, Colorado. “Their regas facilities and
grid tend to be able to handle that better in the Atlantic
basin. Potentially, this one in India can handle that.”
The first batch of LNG from the Cheniere terminal was shipped to
Brazil in February, marking the start of U.S. shale gas exports.
The third cargo on the GasLog Salem is also set to go to Brazil,
while the destination of the fourth shipment on the Energy
Atlantic is still unclear, according to the ship-tracking data.
[center]Eight Cargoes [/center]
Cheniere plans to ship as many as eight cargoes of LNG from its
Sabine Pass project by May, the Houston-based company said in a
February notice to the Federal Energy Regulatory Commission.
Cheniere’s initial exports are commissioning cargoes as part of
the startup process to ensure the terminal is fully operational.
Once that’s complete, Cheniere will need regulatory approval to
operate the terminal commercially.
Gail India has agreed to buy 3.5 million metric tons of LNG a
year for two decades from Sabine Pass. It has also booked 2.3
million tons a year capacity in the Cove Point LNG liquefaction
terminal in Maryland. The shipments are expected to start in
2017 or 2018.
Gail will import around 6 million metric tons of gas from the
U.S. from 2018, India’s Oil Minister Dharmendra Pradhan said in
an interview in New Delhi on March 28.
–With assistance from Naureen S. Malik.
© 2016 Bloomberg L.P
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#Post#: 4829--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 4, 2016, 2:07 pm
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[center]
The Big Coal Bailout of 2016
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Carl Pope | March 31, 2016 9:20 am
SNIPPET:
Finally, in February 2015, the Administration moved, proposing a
“Power Plus” plan to help protect miner’s pensions, health care
and the economic based on coal dependent communities. (It also
moved in the same month to reform royalty abuses).
But, of course, by this time such aid required Congressional
appropriations. Bankruptcy courts had already let Patriot and
other companies dump their pension and health care obligations.
The same Republican leaders who blasted Obama for making war on
coal denounced the new plan. Leading the charge? Kentucky
Senator and Majority Leader Mitch McConnell, who made it clear
that his hostility towards the United Mines Workers trumped
whatever concern he might have had for Kentucky coal miners. In
December, McConnell personally blocked efforts to include
community and pension rescue efforts in the budget deal
Republicans cut with Obama.
Here there is a partisan difference. Democrats who are waging
“War on Coal” favor keeping the promise America made to coal
miners. Hilary Clinton has strongly advocated help for the
workers and communities.
How do conservatives justify this stand? By calling any effort
to ensure that miners get the pensions they earned yes, “a
bailout.” But conservative attacks on such efforts to protect
pensions simply don’t mention the shenanigans by which companies
like Peabody got rid of their debts. These are actually worse
than bailouts. In a bailout the calculation is that a healthy
enterprise emerges. But there is no prospect in these cases that
Patriot, Arch or Shortly Peabody is going to bounce back.
[quote]These are give-aways.
HTML http://www.freesmileys.org/emoticons/tuzki-bunnys/tuzki-bunny-emoticon-028.gif<br
/>What is hard to calculate is how big and costly they are.
[/quote]
The UMW Pension fund, for example, protects more than 100,000
coal miners and former miners. It has $3.8 billion in assets,
but must pay out about $600 million a year—so if it goes
bankrupt, (ignoring the likely collateral damage to the whole
U.S. pension insurance system) over a decade $6 billion could be
transferred from the coal industry to the public—12 Solydras!
How much are the reclamation costs being forgiven? Well, an
earlier generation of mining reclamation costs are now estimated
to cost $17 billion—34 Solyndras.
And the pending defaults on self-bonded mining costs seem likely
to run another $2.7 billion. So the total give-aways to coal
companies as they race towards bankruptcy seems to be over $25
billion—almost 50 Solyndras.
That’s quite a bailout—the GM bailout cost taxpayers only $11.2
billion, less than half as much and the taxpayers got a healthy
GM out of the deal—we get nothing from coal give-aways.
So the next time some economist earnestly lectures you on the
need to avoid subsidizing clean energy, or a Republican says
government shouldn’t pick winners and losers, ask them to show
you where—and how loudly—they denounced the Big Coal Bailout of
2016.
[center]
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width=200]
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HTML http://ecowatch.com/2016/03/31/big-coal-bailout-2016/
#Post#: 4830--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 4, 2016, 2:38 pm
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[center]How Much Money Has Hillary Clinton’s Campaign Taken From
the Fossil Fuel Industry? ???[/center]
Democracy Now! | April 4, 2016 11:18 am
According to a new report by Greenpeace, Hillary Clinton’s
presidential campaign and the super PAC supporting her have
received $138,400 from fossil fuel lobbyists and $1,327,210 from
bundlers, totaling more than $4.5 million from lobbyists,
bundlers and large donors connected the fossil fuel industry
[img
width=60]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-241013183046.jpeg[/img].<br
/>Clinton maintains that she’s received only about $330,000 from
individuals who work for fossil fuel companies—about 0.2 percent
of the total raised by her campaign.
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We speak with Charlie Cray, research specialist for Greenpeace
and lead researcher on the fossil fuel lobbyists’ contributions
to the Clinton campaign, as well as Eva Resnick-Day, a democracy
organizer for Greenpeace who confronted Clinton at a rally.
Watch here:
[center]
HTML https://youtu.be/BqwZyZjIFCQ[/center]
With the Wisconsin primary just a day away, Democratic
presidential challengers Hillary Clinton and Bernie Sanders
sparred over the weekend over whether fossil fuel lobbyists are
funding Clinton’s campaign. The dispute took center stage after
video emerged of Greenpeace activist Eva Resnick-Day questioning
Clinton at a campaign rally at the State University of New York
in Purchase on Thursday. Resnick-Day has been working on a
Greenpeace campaign to get candidates to take a pledge rejecting
future donations from oil, gas and coal lobbyists, and
executives.
“These lobbyists are people whose job it is to make connections
with Senator Clinton to influence her policy going forward. And
giving her money in the campaign, they’re clearly trying to find
influence,” says Resnick-Day. “I don’t think that that is how
democracy should work.”
We speak with Resnick-Day, the democracy organizer for
Greenpeace who confronted Clinton.
Watch here:
[center]
HTML https://youtu.be/zVCUlnVTYzc[/center]
HTML http://ecowatch.com/2016/04/04/clinton-fossil-fuel-money/
Agelbert NOTE: Senator Sanders says below, what Hillary Clinton
NEVER will say or even admit.
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#Post#: 4835--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 6, 2016, 3:20 pm
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[center][img
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[img
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[center][font=arial black]SandRidge Energy, with $3.6 billion
debt, flags bankruptcy risk[/font] [/center]
Nicolas Torres April 4, 2016
Oklahoma-based SandRidge Energy confirmed on Wednesday that it
has hired advisers to evaluate potential restructuring options.
SandRidge said in a Securities and Exchange Commission filing
that it has engaged advisers to evaluate strategic alternatives
that could include restructuring, refinancing of existing debt
through a private restructuring or reogranizaiton under Chapter
11.
“As a result of these uncertainties and the likelihood of a
restructuring or reorganization, management has concluded that
there is substantial doubt regarding the company’s ability to
continue as a going concern as it is currently structured,”
SandRidge said.
SandRidge’s total debt stood at $3.6 billion as of December 31.
The company also had $11 million in outstanding letters of
credit as of December 31 and preferred stock outstanding with an
aggregate liquidation preference of $542 million.
The company said its “substantial level of indebtedness” and
dividends tied to its outstanding preferred stock increase the
possibility that it may be unable to generate enough cash to
make principal, interest or divided payments.
SandRidge added that the inclusion of a statement in its full
year consolidated financial statements citing the firm’s
“substantial doubt” about its ability to remain a going concern
could result in a default under the terms of its senior secured
revolving credit facility.
If SandRidge
HTML http://www.pic4ever.com/images/165fs373950.gif<br
/>does not obtain a waiver for that covenant within 30 calendar
days its senior credit facility lenders will be able to
accelerate maturity of the debt.
“These defaults create additional uncertainty associated with
the company’s ability to repay its outstanding long-term debt
obligations as they become due and further reinforces the
substantial doubt over the company’s ability to continue as a
going concern,” SandRidge said.
The company elected to take a 30 day grace period last month to
defer making $21.7 million in interest payments that were due
February 16.
SandRidge said it had sufficient liquidity to make the payments
but chose to use the grace period to continue its “ongoing
discussions with stakeholders.”
The New York Stock Exchange delisted shares of SandRidge in late
January after the stock’s price stayed below $1 per share for
more than seven months.
SandRidge booked a fourth quarter 2015 adjusted EBITDA of$79
million in the fourth quarter of 2015, down from $239 million in
the fourth quarter of 2014.
Full year adjusted EBITDA for 2015 was $589 million, down from
$873 million in 2014.
SandRidge is also dealing with a class action lawsuit filed
earlier this month against the firm, SandRidge’s former CEO Tom
Ward and Oklahoma-based Chesapeake Energy.
The lawsuit, filed by Dallas-based law firm Burns Charest in an
Oklahoma federal court, alleges that the “defendants violated
federal antitrust laws by rigging bids and limiting competition
for oil and gas leases in northwest Oklahoma.”
The defendants listed in the suit have not commented on the
matter.
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#Post#: 4839--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 6, 2016, 9:13 pm
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[center]Oil and Gas Companies
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Stiff 29,000 Workers
Out of $40 Million [/center]
[move]
America's fracking boom promised big paychecks, but thousands of
workers were exploited, the Labor Department says.[/move]
By Alan Neuhauser April 4, 2016, at 12:30 p.m.
Like beacons in the night, the flares burning over America's oil
and gas fields drew tens of thousands of workers over the past
decade, promising big paydays and new pickup trucks, even for
those who had just graduated high school.
But in an industry sector recently plagued by plunging oil
prices that have forced thousands of rigs to go idle, many of
those workers have been feeling even more financial pain, having
been forced to wait for their full paychecks.
More than 29,000 oil and gas employees have been stiffed over
$40 million in back wages, according to findings from more than
1,100 investigations launched since 2012 by the Labor
Department.
Despite booming industry profits and record oil and gas output –
which together rejuvenated the country's economy and transformed
the U.S. into the world's top oil and gas producer in 2014 and
2015 – companies misclassified their workers and failed to pay
them required overtime, even as they put in long workdays in
often dangerous conditions.
"We continue to find unacceptably high numbers of violations in
the oil and gas
HTML http://www.pic4ever.com/images/pirates5B15D_th.gif
industry,"
Betty Campbell, regional administrator for the Labor
Department's Wage and Hour Division in the Southwest, said in a
statement.
The most recent violations were announced last month, when more
than 2,500 employees for four companies – Jet Specialties,
Frank's International, Viking Onshore Drilling and Stream-Flo
USA – were found to be owed $1.6 million in back wages. >:(
Violations ranged from failing to pay production bonuses to
wrongly ;) considering employees as "exempt" from overtime
requirements, paying them flat salaries regardless of how many
hours they worked.
The specific investigations of Frank's International and
Stream-Flo USA began in the Northeast, and ultimately
encompassed employees from Colorado, Louisiana, New Mexico,
North Dakota, Oklahoma, Pennsylvania, Texas, Utah and Wyoming,
the Labor Department said. Employers who violate the law in
their pay practices harm workers, their families and law-abiding
industry employers," Campbell said.
The Wage and Hour Division's inquiries into the energy industry
began in the agency's Northeast regional offices in
Pennsylvania. The state, sitting atop the Marcellus Shale
formation, was one of the country's biggest fracking hubs, and
jobs nationwide eventually surged past 191,000 on the extraction
side alone by the end of 2012, not including service companies
and other related sectors. By comparison, there were around
179,000 such employees last month.
[center]Investigators soon discovered the sector was rife with
wage problems. [/center]
"Investigations in the [Northeast] region in 2012 revealed that
the violations were widespread," says Robin Mallett, a Wage and
Hour Division district director in Houston, whose office led two
of the most recent investigations in March. The initiative
rapidly spread west, involving offices in Chicago and Texas.
Mallett stopped short of saying whether the violations were
systemic. But jobs were often not nearly as lucratively as they
seemed, she says.
[quote]"Even though they have a reputation, the industry, for
paying high wages," Mallett says, "sometimes the economic
reality of it is the workers are receiving these hefty paychecks
simply because of the sheer number of hours that they're working
– really it was not that high a rate of pay."[/quote]
HTML http://www.usnews.com/news/articles/2016-04-04/oil-and-gas-companies-stiff-29-000-workers-out-of-40-million
Agelbert NOTE: If the above surprises you, then you do not
understand the "philosopy" of life of the Predators 'R' US crowd
that run the fossil fuel corporations. Their "business model"
REQUIRES that they "externalize" pollution costs to the
population and biosphere while they fleece the same population
through "subsidy" swag and various bought and paid for tax
[s]fraud[/s] loopholes.
IOW, they make money because they CHEAT.
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There is NO WAY that Fracking OR ocean rigs could have EVER made
money if they were not able to flare all those toxic gases into
the atmosphere and had to capture and process them.
[center][img
width=640]
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[center] [img
width=40]
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/>
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These psychopaths will OBVIOUSLY not hesitate to SHAFT their
"salt of the earth" employees
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the
INSTANT anything gets in the way of the SWAG for the management.
You are seeing JUST THE TIP OF A MASSIVE "iceberg" turd defined
as the Corporate Tyranny of Big Oil.
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[img
width=50]
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We need fossil fuel corporations like a HOLE IN THE HEAD. As
long as they have a nickel, they will spend it to crap all over
the people and the planet. Ethical business practices are a JOKE
to them.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714183337.bmp<br
/>The sooner all fossil fuel corporate polluting pigs get select
ed
out of human civilization, the BETTER!
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[center][img
width=640]
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#Post#: 4890--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 15, 2016, 10:19 pm
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[center]The only way DESTRUCTION (i.e. pollution catastrophe)
can "creative" (i.e. profit over planet)
HTML http://www.pic4ever.com/images/acigar.gif
is if you can
[s]FRAUDULENLY[/s] "legally" DEDUCT IT from your Tax Liability
so that WE-the-PEOPLE PAY for MOST OF THE POLLUTION CLEANUP
COSTS.[/center]
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width=640]
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[center]Deepwater Horizon future tax deduction [img
width=50]
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[center]
Report: BP can deduct majority of Deepwater Horizon
settlement[/center]
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width=200]
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Staff Writers April 12, 2016
BP may be able to deduct the majority of the record-setting $20
billion settlement it reached for claims tied to the 2010
Deepwater Horizon accident.
The U.S. Public Interest Research Group, a consumer advocacy
group, said Tuesday that BP may be able to claim up to $15.3
billion of the settlement as a tax deduction.
While corporations are not able to deduct penalties or fines
paid to the government penalties only account for a small
portion of the settlement.
BP will pay a Clean Water Act penalty of $5.5 billion plus
interest.
The company will pay $8.1 billion in natural resource damages
and up to an additional $700 million to address injuries to
natural resources that are presently unknown, according to a
statement released by the DOJ late last month.
BP will also pay $600 million for other claims, including claims
under the False Claims Act, royalties and reimbursement of
natural resource damage assessment costs and other expenses tied
to the accident.
The settlement will be paid out over the course of 16 years.
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width=200]
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The deal was approved by a federal judge on Monday and will also
allow for the implementation of a related settlement of economic
damage claims for five Gulf states and local governments.
The five states included in the settlement are Alabama, Florida,
Louisiana, Mississippi and Texas.
According to BP’s 2015 annual report, the company has taken a
cumulative pre-tax income statement charge of $55.5 billion as a
result of the incident. [img
width=40]
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/>
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That sum excludes amounts that BP said were not “possible to
measure reliably at this time.”
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The settlement is the single largest settlement the DOJ has ever
reached with a single entity.
The deal resolves all of the government’s civil claims against
BP related to the April 2010 Macondo well blowout that caused
the largest oil spill in U.S. history and killed 11 people.
HTML http://petroglobalnews.com/2016/04/report-bp-can-deduct-majority-deepwater-horizon-settlement/
Agelbert
HTML http://www.freesmileys.org/emoticons/tuzki-bunnys/tuzki-bunny-emoticon-023.gif<br
/>NOTE: The fossil fuel government strikes AGAIN:
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[img
width=240]
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#Post#: 4891--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 15, 2016, 10:47 pm
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[center][img
width=640]
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[center]We Can't Afford The Fossil Fuel Industry[/center]
&&Apr. 14, 2016 2:38 pm
By Thom Hartmann
We're constantly told that we can't afford to enact the bold
climate solutions necessary to make the switch to 100 percent
renewable energy. [quote]But, the people who say such things
often leave out the hefty price that taxpayers are already
paying to cover the cost of dirty fossil fuel energy.
[/quote]
In addition to the twenty-or-so billion dollars that oil and gas
companies receive in direct subsidies from the government,
[quote]they rake in billions more in bailouts in the form of tax
write-offs, subsidized clean up costs, and mandated customer
fees.[/quote]
Last week alone there were two glaring examples of fossil fuels
company bailouts that stuck taxpayers with the bill, even though
they never got a vote.
First, utility customers in Ohio learned that they would be
stuck paying billions in fees to prop up aging coal and nuclear
plants in their state.
Then, Gulf Coast residents learned that BP will be permitted to
write off $15.3 billion dollars of the settlement resulting from
the 2010 Gulf Oil Spill.
In both cases, the fossil fuel industry benefited from billions
of dollars in subsidies on the front end, only to ask for
another hand out when their failure to update plants or install
appropriate safety mechanisms got them into trouble. And, they
are both perfect examples of why people claim that oil and gas
are still cheaper than clean energy.
If you never include the external costs or the numerous
taxpayer-funded bailouts, it is easy to make fossil fuels appear
cheaper than the alternative.
If oil and gas actually had to compete on a level playing field,
no one would consider pollution, oil spills, and fracking
earthquakes reasonable side effects of energy production.
If we want solar, wind, and other renewable sources to flourish
in our nation, all we have to do is stop the massive subsidies
that perpetuate our addiction to fossil fuels.
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[center]
[img
width=200]
HTML http://graysondemocrats.org/wp-content/uploads/2011/05/end-oil.jpg[/img][/center]
#Post#: 4953--------------------------------------------------
Re: Fossil Fuels: Degraded Democracy and Profit Over Planet Poll
ution
By: AGelbert Date: April 23, 2016, 6:31 pm
---------------------------------------------------------
April 20, 2016
[center]Why BP's $20 Billion Settlement is Business as Usual
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191329.bmp<br
/>in the Gulf of Mexico [/center]
Antonia Juhasz analyses the lasting devastation from the spill
in the Gulf and the renewed commitments to offshore drilling
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[center]
HTML https://youtu.be/1AY9REs-mS0[/center]
[center]
[img
width=640]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-021114150033.png[/img][/center]
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