BP Could Reap Billions of Dollars in Tax Credits from Oil Spill Settlement
Sunday, 21 October 2012 09:11
Posted by David Icke
'BP, which caused the biggest environmental catastrophe ever seen on U.S. shores, may be poised to receive the biggest tax break in American history as a result of it.
The British oil company already has claimed $10 billion in tax credits from the 2010 disaster, caused when its Deepwater Horizon drilling rig exploded and spewed millions of gallons of oil into the Gulf of Mexico.
Taxpayers could be asked to shoulder billions of dollars more under terms of a settlement currently being negotiated between BP and the federal government. Both sides have incentive to make a deal: The Department of Justice wants to avoid a lengthy court trial, and BP wants to get on with its life.'
Read more: BP Could Reap Billions of Dollars in Tax Credits from Oil Spill Settlement
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