Seems to my like there should be criminal liability. It's basically white
The practice has been going on since 1995? Why did it take the State of Utah 17
years to find that 10% of the clean-up associated with that gas company had been
"double-dipped".What is the statute of limitations for
insurance fraud? Seven years? The first thing that I would do is
to fire those in the State that did not do due diligence. We're paying
them to check things out. What were they doing, playing cards in the back room?
Then, and only then, would I prosecute ConocoPhillips to the full extent of the
This is just another case of government bureaucrats enforcing some of those
awful environmental regulations that strangle corporate profitability and kill
jobs.Those awful regulations and overpaid bureaucrats simply have to
If Conoco and Phillips has been doing this since 1995, it is bad business
practice, lack of integrity and hoping that states such as Utah don't have
a check on these types of requests for handouts. Companies, Corporations, and
individuals running those companies and their fiduciary obligations require
these people and processes be honest and truthful. If they have 100s or 1000s
of these applications for funds, their process is broken from the top down.
They charged normal prices for gas during that time and didn't subtract out
our costs and then wanted us to pay for their problems without using their
insurance to keep those costs down. Leaks happen but if they are doing this in
50 other states and internationally, there ought to be some liability for these
actions. It is good the State of Utah is pursuing this and trying to keep
owners and stockholders honest and not just bottom line oriented. 99 percent of
owners are good people and many are small-business owners and can make mistakes.
However, Corporations have attorneys and their own accountants and CFOs, etc.
and know what they are doing and set a bad example. Banks/auto companies too
The solution ought to be reduceed gas prices (reducing it about a buck a gallon)
until the entire amount is paid back to consumers in both states. Then
we'd talk about punitive damages to deter such action in the future. Why
do we put up with such things?
It's those Labor unions with their collective bargaining and ObamaCare
which is driving good, honest corporations to do things they normally
wouldn't. When will people realize when good corporations , er, um . . .
'people' are saddled with liberal ideas, they will be drawn to doing
terrible things. I hope this teaches Obama something about his miserable
failing socialist agenda!
So, on top of adding CO2 to our atmosphere from refining and processing fossil
fuels, when they spill or leak oil the citizens are asked to pick up the tab
through a levy on gas sold at the pump? I think this fund should be funded as a
fee for doing business in the state of Utah so that the oil company would pay
for it instead of a levy on gas at the pump where we pay for it or the state
should require proof of insurance coverage or their license to do business in
Utah would be revoked. $25,000,000.00??? I beat it is much more. Greed
and corruption by companies that are extremely profitable shows how out of
control they are and how little they can be trusted. And how about putting
people in positions of control and power that have as their primary personality
traits fairness, honesty, integrity, family, healthy people, healthy planet and
job security for all instead of personal accumulation of wealth and power.Renewable energy anybody?