Corporations

U.S. Environmental Protection Agency Administrator Lisa Jackson questions BP's widespread application of oil dispersants in the Gulf of Mexico, as does everyone else. According to Jackson, the government is "uncharted waters" with the use of dispersants in the Gulf of Mexico. "The amount of dispersant being used at the surface is unprecedented," Jackson says. BP is also applying the chemicals in the sub-sea environment. In addition, dispersant is stopping oil from collecting on water surface, where it can be more easily controlled.

BP's Web site gives the impression that dispersants "clean and control" ocean oil spills by putting the oil in a state where "it becomes a feast for the naturally-occurring microbes that inhabit the ocean." But dispersants do not clean the water, nor do they remove oil at all, but rather re-arrange where it exists, and change where it goes.

You know that Wall Street reform bill pending in the Senate? Some last minute insertions add up to a surprisingly big win for the developing world.

Oil Companies Required to Detail the Dough Paid to Foreign Governments

First, kudos to Senators Dick Lugar (R-Indiana) and Ben Cardin (D-Maryland) for inserting strong provisions that require extractive companies (oil, natural gas, etc.) to detail in their annual Securities and Exchange Commission (SEC) filings the payments they make to foreign governments. One would think that oil-rich and mineral-rich countries would be, well, rich. Big international firms move in to extract these resources and pay royalties, fees, taxes, bonuses and other monies to national governments. Unfortunately, too frequently this money is put to work lining the pockets of dictators and warlords, rather than building schools or health clinics.

Conservatives may have moved quickly to dissociate themselves from Representative Joe Barton's apology to BP, but many on the right still believe that the establishment of a $20 billion escrow fund violated the legal rights of the company. A frequent claim is that the Obama administration has violated BP's due process rights. Appearing on ABC's This Week, George Will stated the creation of the escrow fund amounted to a confiscation of assets that circumvents due process. Former Washington Times writer Robert Stacey McCain argued in his blog that Rep. Barton was rightly concerned about due process when he apologized to BP. Michael Barone in National Review Online quipped that, "the Constitution does not command 'no person ... shall .... be deprived of life, liberty, or property, without due process of law; except by the decision of a person as wise and capable as Kenneth Feinberg." The Framers stopped at "due process of law." It is to be expected that conservatives care less about the decimated lives along the Gulf Coast than they do about a multinational corporation losing $20 billion over several years, even when its cash flow for this year alone will reach $30 billion, according its own estimates. What is a slightly more surprising is that they would completely misconstrue a fundamental legal concept in the process.