Friday, July 26, 2013

Halliburton charged with criminal acts

But of course it's Halliburton, which is apparently above the law so, no real penalties will incur.
Under the plea agreement, which requires court approval, Houston-based Halliburton will also face three years' probation, pay the maximum fine of $200,000 and continue to cooperate in the Justice Department's criminal investigation of the April 2010 explosion and fire on the drilling platform, which killed 11 rig workers off Louisiana.

The Justice Department said it would not pursue further criminal charges against Halliburton or its subsidiaries. [...]

Halliburton's energy-services subsidiary designed and built the well for BP. In early May, the company began an internal investigation to determine whether the number of "centralizers" — metal collars that help keep the well pipe centered — played a role in the blowout. Halliburton recommends installing 21, but BP chose to use just six.
Their computer models said it was okay. But no one can find them. They've disappeared. Nor do we know who created said models. The creators remain unidentified. But Justice says Halliburton offered "significant and valuable cooperation during the course of its investigation" so all is forgiven. They pay the maximum fine of $200,000 and get three years probation, whatever that means, and we'll call it even. Because you know, a 200K fine is really going to sting a corporation that saw total revenue of $28.5 billion in 2012[pdf].

What a country. Too big to fail means too big to jail.

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