"In March 2006, BP was responsible for an Alaska pipeline rupture that spilled more than 250,000 gallons of crude into Prudhoe Bay – at the time, a spill second in size only to the Valdez disaster. Investigators found that BP had repeatedly ignored internal warnings about corrosion brought about by "draconian" cost cutting. The company got off cheap in the spill: While the EPA recommended slapping the firm with as much as $672 million in fines, the Bush administration allowed it to settle for just $20 million."
http://www.rollingstone.com/politics/news/17390/111965?RS_show_page=4#Palin was part of this problem too as she was elected in Nov 2006. She only put in some ineffective bureaucratic procedure nor did she pressure the Feds to enforce the law.
"Palin takes credit for the Alaska’s Clear and Equitable Share (ACES) legislation. She explains that she and her “astute team of experts” take credit for aligning the interest of residents of Alaska with the BP shareholders (Palin 162-163). After calling a special session of the Alaska legislature, Palin and her team devised a system that allowed Alaska to share in the profits of the oil companies operating in Alaska. One year after Palin and the Alaska legislature approved the creation of the ACES program the state and oil companies, including British Petroleum, significantly increased their profits (164). Thus Palin was true to her word. She was motivated to increase the net profits of Alaska, just like BP was motivated to make as much money as it could. If BP made a lot of money, so did Alaska. The effect of ACES was to convert the position of the state from that of a royalty owner to a shareholder (164). Royalty owners do not bear the expense of production. so if BP engaged in dangerous, environmentally hazardous activity, the people of Alaska did not benefit. After Palin’s brilliant plan, if BP cut expenses by engaging in dangerous, environmentally hazardous activities, both BP and Alaska made money. If Alaska made money Palin looked like a hero." -- but also, if BP lost money, so did Alaska. In effect, she leveraged the state's financial position by moving away from fixed royalties. Also, the state would lose any incentive to enforce environmental regulations, because it, too would lose money as increased costs ate into profits
http://malialitman.wordpress.com/2010/06/10/sarah-palin-was-in-bed-with-bp/And she has the nerve to tell Obama to "Call Me." Yeah, Right!
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