EIN News says, "3 Environmental Groups Sue BP Over Gulf Oil Spill. The suit alleges that the Deepwater Horizon rig disaster caused an oil spill that harmed and killed both endangered and threatened species, which may continue to feel the effects long after the cleanup. (latimes.com)".
Government should absolutely stay out of this one. Private enterprise takes a risk of profit/loss in their operations, and contending with such suits is part of the cost of doing business. If they lose these types of cases, two things happen. Company profits are reduced and much of the loss is also passed along to the consumers. However, the consumers are made up of juries, which are representative of the consuming public and whose decisions make up that aspect of the financial picture. This is market forces at work and government should have no part in it.
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