Archive for July 1st, 2010

What BP Won’t Be Paying For—and How You Can Help

Penny Fujiko Willgerodt

By Penny Fujiko Willgerodt
Executive Director, Prospect Hill Foundation

(This post originally appeared in OnEarth Magazine on June 11, 2010 and is reprinted with permission.)

We at the Gulf Coast Fund have noticed people asking why they should support nonprofit organizations responding to the BP oil drilling disaster when, as they say, “Isn’t BP supposed to be paying for this mess?”

Yes. BP should and will pay. There is no way of knowing when and how. (Exxon-Valdez is a case in point. Exxon/Mobil has still paid only a fraction of what they had promised.)

But one thing we do know is that what BP will eventually pay will in no way address the full costs of this disaster.
Continue reading…


About Our Blog

This is a forum for Philanthropy New York members to discuss issues affecting our sector and the practice of philanthropy.

Subscribe To Our Blog

Share This

Bookmark and Share

Categories

 

July 2010
M T W T F S S
« Jun   Aug »
 1234
567891011
12131415161718
19202122232425
262728293031  

Follow

Get every new post delivered to your Inbox.

Join 552 other followers