For Immediate Release

Organization Profile: 
Contact: 

Expert contact: Lukas Ross, (202) 222-0724, lross@foe.org
Communications contact: Kate Colwell, (202) 222-0744, kcolwell@foe.org

BP Clinches Deepwater Horizon Tax Break

WASHINGTON - A federal judge in Louisiana finalized a $20 billion civil settlement between BP, the Justice Department, and the five states of the Gulf Coast. Despite protests from both Congress and a broad coalition of environmental groups, the final settlement will allow BP to deduct a majority of the costs as an ordinary business expense.

Friends of the Earth Climate and Energy Campaigner Lukas Ross issued the following statement in response:

We are saddened to learn that the gross negligence of BP continues to enjoy taxpayer subsidies. Treating the worst oil spill in U.S. history as an ordinary and necessary business expense boggles the mind. Nearly six years to the day since this tragedy began to unfold, it is clear that we have still failed to learn all the lessons of the Deepwater Horizon.

###

This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Won't Exist.

Friends of the Earth is the U.S. voice of the world's largest grassroots environmental network, with member groups in 77 countries. Since 1969, Friends of the Earth has fought to create a more healthy, just world.

Share This Article