Monday, May 31, 2010
So, British Petroleum or BP has already spent $ 940 trying to control the oil spill in the Gulf of Mexico but has failed so far. It has promised to spend as much as necessary to bring the gushing oil under control. BP has also promised to set aside $ 500 million to study the effects of the oil spill on the ecology of the area and learn from it. The company is apparently paying money to people whose livelihoods have been affected by the oil such as fishermen. President Obama is snorting fire promising to make BP pay for every cent of damage and loss of livelihood. Yet this same fellow is due to come to India and apply pressure on our government to get the nuclear deal through parliament. The bill is stuck on the issue of compensation in case of an accident. According to the present bill the suppliers of equipment such as GE and Westinghouse, multibillion dollar US companies, will be liable for only $ 100 million and the government of India will pay $ 400 million to compensate victims of any accident. The density of population in India means that in the event of a Chenobyl type of accident hundreds of thousands will die and many more will suffer radiation exposure leading to cancer, organ damage and deformed babies for decades to come. Yet the total compensation will remain a paltry $ 500 million. Perhaps it is a good thing after all because most of the money will be stolen by criminal politicians and thieving uncivil servants anyway and victims will be left begging for assistance as has happened in Bhopal after the Union Carbide tragedy. Thus American shrimps are more valuable than humans in India. Incredible India indeed.
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