Don't let BP write off the Gulf Coast Disaster
The BP Deepwater Horizon blowout took a massive toll on our environment, the region’s wildlife and communities. For three months after the initial explosion, millions of gallons of crude oil and thousands of tons of methane spewed from the sea floor. Eleven people were killed and dozens more injured. Five years later, we are still suffering from the impacts.
BP was found “grossly negligent” for its role in the disaster, however, a forthcoming decision to address BP’s liability could earn the company an additional $4.9 billion tax windfall. Tell the Department of Justice to deny BP tax deductions for its remaining payments to address the 2010 Gulf Coast disaster.
BP has claimed billions in tax write-offs for the cleanup and damages in connection with the Deepwater Horizon catastrophe already. Of the $40 billion BP paid to clean up the environmental damage caused by the blowout, about 80% qualifies as "ordinary and necessary business costs," allowing BP to reap at least $10 billion in tax windfalls.
Enough is enough. Don't let BP write off the disaster again.