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Monday, May 10, 2010

BP Opposed Regulations to Prevent Spills

“The company that owns the offshore well spewing crude oil in the Gulf of Mexico and other major oil companies spearheaded a campaign to thwart a government plan to impose tighter regulations aimed at preventing similar disasters, according to government records.” (USA Today, Monday)

But the companies don’t oppose limited liability for the damage they might do.

FEE Timely Classic
“Business–Government Collusion” by Eric-Charles Banfield