By Padmini Arhant
There appears to be a light at the end of the tunnel for the victims of the worst industrial and environmental disaster.
The energy company, BP’s agreement to compensate monetarily with $20 billion over three-year period for the Gulf Coast oil spill impact is a fair beginning.
It’s been set up without a cap and to be monitored by an independent administrator previously appointed to oversee the 9/11 families’ relief fund.
In fact, the urgency lies with the company’s daunting task to stop the gushing oil completely, otherwise ‘plug the hole.’
President Barack Obama’s initiative deserves credit for it enabled BP’s decision.
Now, it’s imperative not to proceed in the direction that has inherent risks with unsustainable loss of life and income to the communities along the coastal regions.
Abandoning offshore drilling in deep and shallow water is the ideal solution to prevent economic and environmental costs.
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Thank you.
Padmini Arhant
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