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No, it and other oil companies offload the costs of cleaning up their messes on the government (ie. the taxpayers) instead. Definitely better.
by paledot 6y ago
No, it and other oil companies offload the costs of cleaning up their messes on the government (ie. the taxpayers) instead. Definitely better.
- arcticbull 6y agoState oil companies are the government. At least the state profits and collects those gains in the state coffers. Then, it's the government offloading the cost of cleaning up their messes on also the government, by drawing down from that same pool of profits. Private oil companies privatize the gains and socialize the losses.