Contributors

Friday, July 26, 2013

Halliburton's Handslap

Halliburton has pleaded guilty to destroying evidence in the Deepwater Horizon oil spill:
In a startling turn in the three-year-old criminal investigation, Halliburton said that on two occasions during the oil spill, it directed employees to destroy or “get rid of” simulations that would have helped clarify how to assign blame for the blowout — and possibly focused more attention on Halliburton’s role. 
They were charged with one count of criminal conduct and will pay a $200,000 fine. Which is how much money they make in 15 minutes.

Executives at Halliburton had a hand in the deaths of 11 people and tried to cover it up. Why isn't anyone going to jail?

This entire affair shows how preposterous the Republican claim that big business can be trusted to act responsibly all on their own, and that regulation and oversight are unnecessary and even harmful. The same Republicans want us to allow a foreign company to build the Keystone XL pipeline straight the the heartland of the United States -- trashing many American's property rights with eminent domain -- to allow Canadian oil to be more easily exported to China.

Execs at big companies -- especially ones that are headquartered in foreign countries -- don't give a damn about America. They just want to squeeze every last drop of oil and gas out of the land and sea at maximum profit, and they don't care that they leave a polluted and desolate wasteland. They know they'll never be held personally responsible for anything they do. In the worst case the company gets slapped with a meaningless fine and they'll get a golden parachute worth tens of millions of dollars and be forced into retirement on some luxurious island tax haven.

The entire purpose of a corporation is to diffuse responsibility so thinly that no one can ever be held personally accountable for their actions. So how can anyone possibly trust that a company like Halliburton will ever do the right thing when they have to choose between doing the right thing and making a ton of money?

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