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BP Wants You to Pay for Its Mess
By Sonia Ashe
It's hard to believe, but BP has found a way to make mismanagement and federal safety violations a tax-deductible business expense.
BP has claimed $10 billion in tax credits by writing off expenses related to the Gulf oil spill two years ago. That means American taxpayers have picked up the tab for half of the $20 billion restitution fund BP set up to compensate Gulf residents and businesses.
And BP is about to try it again. Soon, the Department of Justice will decide how to collect billions of dollars in damages from BP for environmental destruction in the Gulf, and if BP gets its way, you and I will pony up for those too.
Though corporations are not allowed to deduct fines as a business expense for tax purposes, if the government settles with BP instead, it can write off those costs unless expressly prohibited by the terms of the settlement.
It's likely that this case will settle, which means taxpayers could underwrite the penalty for BP's misconduct, which a federal investigation blamed for the accident and subsequent loss of life and environmental damage. We would stand to lose as much as 35 cents of every dollar BP is supposed to pay, and the public will end up covering the lost revenue in the form of higher taxes or cuts to public programs.
It doesn't have to be this way. The Department of Justice can prohibit BP from deducting the expense of the settlement.
Send a message to the Department of Justice today, and let them know you don't want to pay for BP's mistakes.
For more information, click here.
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The Return of a Relative: Tribal Communities in the Northern Great Plains Rally Around Bison Restoration
By Clay Bolt
On Oct. 11 people around the world celebrated the release of four plains bison onto a snow-covered butte in Badlands National Park, South Dakota.
The climate crisis has put at least 945 designated toxic waste sites at severe risk of disaster from escalating wildfires, floods, rising seas and other climate-related disasters, according to a new study from the non-partisan Government Accountability Office (GAO), as the AP reported.
By Bailey Hopp
If you had to choose a diamond for your engagement ring from below or above the ground, which would you pick … and why would you pick it? This is the main question consumers are facing when picking out their diamond engagement ring today. With a dramatic increase in demand for conflict-free lab-grown diamonds, the diamond industry is shifting right before our eyes.
For one year Rob Greenfield grew and foraged all of his own food. No grocery stores, no restaurants, no going to a bar for a drink, not even medicines from the pharmacy.
Apple has removed all 181 vaping-related apps from its App Store, the company announced on Friday. The removal of the apps comes after thousands of people across the country have developed lung illnesses from vaping and 42 people have died.