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(WJAC TV Johnstown)   Pipeline developer essentially pays a fine in pollution cases as cost of doing business, as its net income jumped 90% in the second quarter, to $1.33 billion   (wjactv.com) divider line
    More: Obvious, Pipeline developer, contest  
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423 clicks; posted to Business » on 08 Aug 2022 at 1:41 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



6 Comments     (+0 »)
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2022-08-08 3:05:01 AM  
It's clear that these small fines aren't doing anything. I propose an entirely new system focused on the CEOs, boards of directors and major shareholders of companies that routinely pollute groundwater. I call it the 'You spill it, you drink it' plan.

Details are very hush hush at the moment but I promise you'll like them.
 
2022-08-08 4:25:44 AM  
In fairness, that pipeline is going through the eastern half of the state so it doesn't appreciably make that area any dirtier.
 
2022-08-08 7:49:20 AM  
This sort of thing would happen a lot less often if executives went to jail for it, instead of paying fines.

10 million bucks is nothing to a company like this.
 
2022-08-08 8:06:38 AM  
I was assured by Farkers a few years ago that oil pipelines were engineered so well they never leaked and only led to shared prosperity for everyone involved.
Fracking is a horror, the fluid used to open up cavities is composed of highly toxic chemicals which are unregulated by the US government.
The faster we change to renewables and nuclear energy the better.  And yes, there are no good alternatives right now other than nuclear for zero emissions.
 
2022-08-08 9:39:15 AM  

Gordon Bennett: It's clear that these small fines aren't doing anything. I propose an entirely new system focused on the CEOs, boards of directors and major shareholders of companies that routinely pollute groundwater. I call it the 'You spill it, you drink it' plan.

Details are very hush hush at the moment but I promise you'll like them.


Actually I've got something more brutal: You spill it, you pay a percentage of income as the fine. Note I said income, not profit. So if you book selling US$1 billion in product, before any discounts or allowances given to clients, you pay 10% of that 1 billion dollars as your fine, even if your clients only paid you US$900 million. These fines cannot be written off, are not dischargeable in bankruptcy, and attach to all assets in joint liability.
 
2022-08-08 11:56:09 PM  
This happens to be happening close to where I live, so I've followed it pretty closely.

TFA doesn't even scratch the surface as to how blatant the criminality of EP has been.

And frankly, Shapiro deserves to be on trial with them. They only reason he ever bothered to prosecute them in the first place was two-fold:  he was getting ready to run for office. And the Feds were prepping to bring charges against EP for this same thing.

In all the years, and with all the stuff EP was caught doing, there was never a threat of a lawsuit against them... until it was an election year.
 
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