BP: Beyond ProsecutionBy
On May 1, less than two weeks after the Deepwater Horizon rig exploded, Louisiana Attorney General Buddy Caldwell announced that he would “ensure that BP and other liable parties take full financial responsibility” for the unfolding disaster. Yet even as Caldwell prepares to go after the oil company for billions in damages, his hands are tied. He says the case could cost as much as $100 million over several years. That’s money his state, which is facing a $320 million budget deficit, not to mention the economic impact of the spill, just doesn’t have.