In A Heartwarming Gesture, BP Pledges 0.3 % Of Profits For Oil Spill Effect Research

[BelgianMadCow]

BP pledges 500 million over 10 years for a research program studying the effects of the spill whose size they lie about desperately.
LBN thread: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4395786&mesg_id=4395786

BP profits stand at between 15 and 20 billion dollar per year, if the past couple of years are any indication. Have a look at their annual reports http://www.bp.com/PressReleaseDateSorterAction.do?categoryId=2012968&contentId=2006635&year=-1&month=0&taxonomyId=36

So that's 150 billion over 10 years, conservative estimate.

500 million / 150.000 million = 0.0033 or 0.3 %.

BP is pledging 0.3% of profits to this grand research program.

How cool is that?

[indepat]

1. My cockles are warmed beyond human comprehensibility

:P

[Xicano]

2. IMO We should make them spend whatever the cost takes.

If it bankrupts them its their own damn fault.