Current Events

Wed, 2013-01-09 16:00Farron Cousins
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RFK, Jr. & Bill McKibben: Time To Act On Climate Change

Originally published on Ring of Fire

New reports have come out this week showing us that 2012 was officially the hottest year on record.  North America alone was plagued with hurricanes, tornadoes, droughts, floods, blizzards, and numerous other forms of weather that have almost all been linked back to anthropogenic climate change. 

Earlier this week, Ring of Fire Radio’s Robert F. Kennedy, Jr. spoke with 350.org founder Bill McKibben about the threat of climate change and what President Obama needs to do during his second term to address the problem.  The transcript of that conversation follows, and the interview will run this weekend on the Ring of Fire radio program:

Fri, 2012-10-05 06:00Farron Cousins
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BP Settlement Deal Could Put Taxpayers On The Hook For Spill Costs

A proposed settlement deal between the federal government and BP over their involvement in the 2010 Deepwater Horizon oil rig explosion and subsequent oil leak could shift the burden of cleanup costs away from the oil giant and onto U.S. taxpayers.

The current settlement option is just one of several being negotiated between the federal government and BP.  But this settlement option would route fine and settlement money through the Natural Resource Damage Assessment (NRDA), rather than fining the company directly via the Clean Water Act.

Not only could this reduce the total amount of money that the company pays in fines, but it would shift the burden of cost onto U.S. taxpayers.  While the company would still be paying out of pocket, the NRDA allows the company to write off their fines and deduct that from their yearly taxes.  Paying through the Clean Water Act would not allow the costs to be tax deductible. 

But the cost shift is just one of the problems with the proposed deal.  The provision that has residents of the Gulf Coast up in arms is the fact that the NRDA would route the money through the U.S. Treasury, instead of directly sending it to local and state governments.  This means that the Treasury, not the affected areas, would be in charge of determining how the money is spent.

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