nasukkin
95988
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Good to see some actual action on this. Norfolk will also be held responsible for compensating and making whole the people of the community it displaced. If it refuses, the EPA will begin cleanup work immediately, bill Norfolk TRIPLE the cost it takes for the EPA to clean up, and up to $70k USD per day until they change their tune.
Sauce 1: https://www.bbc.com/news/world-us-canada-64722765
Sauce 2: https://apnews.com/article/ohio-train-derailment-epa-61ff5fec89c452f4ff7f56b5b8b4e44e
Zorklunn
And que ten years of legal battles trying to get out of it.
jalcantara88127001
I hope at least a portion of that goes to medical care for the affected people. I know it won't. But I can hope...
bippityboppitybuttsex
You mean the way Exxon paid for the Valdez? Fuck corporations.
spittleteets
Exactly. EPA should have to do it an charge 3x. This was caused by cutting costs, they will do the same with the cleanup
braingaius
Better fuckin do
OneUniverse
Shittiest cleanup job ever. Will spend 100 million to advertise what a great job they are doing on safety and the environment.
Incognito808
I think some are underestimating just how bad this disaster is. Norfolk Southern doesn't have enough money to make this right.
Flodos
70K per day fine? Gosh, I'm sure they'll be devastated behind their billions in profits.
mkd64
They have a budget specifically to handle "tough penalties" Just the cost of doing business
thistlecrown
Good
codenametrixie
No problem, They can use the money they saved by not improving their braking systems.
MolaKola
Rule of thumb on spill clean ups, once it is federalized, add a zero to the cost. Oversight and legal fees will cost more than the response
michaelfire
they burned most of it, converting it to air pollution and socializing the cost, danger; corporate socialism
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beelzebob23
They'll cut corners on the cleanup. Guaranteed.
MyWifiHatesMe
The EPA would typically have strict oversight to make sure it is done right.
beelzebob23
Ah, so, "trust the government" is what your going with, huh?
MyWifiHatesMe
Where I live, there was a huge asbestos contamination from decades ago. They had a local place clean it to make it safe to live there.
pleaseconsiderthatImightbejoking
On top of all this. This is just punishing the shareholders. The people whose objections managment ignored when neglecting safety.
sadurdaynight
They probably have insurance that covers this, so they're probably getting bank while they'll find some shitty 3rd party company to pay 1/
sadurdaynight
for faux cleaning services as a tax write-off or some shit. Like BP, they'll come out ahead while everything else suffers./
MantisTobagganMD
Quick poll of Imgur: how do you pronounce "Norfolk". Because the way I have heard it said on the news this past week has me rolling
MeshHatMafia
Norfook
ArmedandOverclocked
Nawfick if you are older or have a southern drawl, otherwise NorFuck, Norfick. Nor-folk pretty much tells you they arent from around here.
MantisTobagganMD
Been hearing so much "Nor-folk", it's hilarious.
joechristo
Obama: upgrade brakes, Trump: don’t bother guys just pay me. Carter: make tankers have double hulls, Reagan: don’t bother guys, just pay me.
joechristo
In both instances, you see a direct path to a major industrial accident in which deregulation was the cause. Who can think of more of these?
Nanntuckett
Did a judge order this? Because I severely doubt it was Buttigieg.
InariPakannen
They were expecting that and it's cheaper than reinstating the laws.
PinkEater
So, I'd guess they'll file bankruptcy after funneling the money out. Start another company and funnel the money in to that company.
randomwalrus
Just kick the issue up through the courts until the SC dismisses it. Also bribes to get the EPA defunded and shutdown in Senate/Congress.
Draenic
This sounds great on paper but http://www.nscorp.com/content/nscorp/en/news/norfolk-southern-reports-q4-and-full-year-2022-results.html
Draenic
Big megacorps inundated by profit wouldn't blink at $25.5 mil per year, which is what $70k/day works out to be. Cut profit down to $500 2/
Draenic
million per quarter to account for low points in the year and they're making about 2 billion. 70k/day is 0.01% of their profit. 3/3
Draenic
A bit of a correction on my math - forgot to do the % conversion. It's actually 1.25% of their yearly profit. Still atrociously underpowered
Elroydb
And 3x the cleanup costs. This is all before the lawsuits start. Norfolk Southern will def feel this
billyrayvirus
They'll just go bankrupt and start a new company.
B0ardski
the one way trump runs a business...into the ground
mike13815
They burned it so the damage is so spread out that they won't have to pay for it. Fines are cheaper than cleaning the original spill.
Apollymkatistrafia
"Tough penalties" but they'll never actually clean it up, just make some shell Corp they'll foist it off to then bankrupt like the rest.
wagsd67512
Will be paying for republican presidential ads 2024 so all will be forgiven.
SciencePetsComputers
https://en.wikipedia.org/wiki/Superfund its not as bleak as it seems
mindstorm8191
"We sold all our stuff to this new company at .1% of its value, & all our workers quit to join them too. We have nothing left to surrender"
LoudBirb
That's actually fraud, though. Like, corps do get away with *a lot*, don't get me wrong, but... what you just described is super illegal.
Whatwhatsomethingbutt
Yeah, that specifically sure. But Johnson and Johnson just put all of their liability for cancer lawsuits into a different corp and >
Whatwhatsomethingbutt
> bankrupted it. It's called the Texas Two Step (literally) and the way that plays out will inform corporate liability for a long time
DrunkKingOfImgur
I say start removing the money from each executive's personal accounts, @ the same rate: $70k/day. Bleed them until they get off their asses
DaOllieGSauce
"The current executive team has resigned and collected enormous bonuses on their way out the door" -response probably
livingonagiantfireball
Seize the company, loss of business liscence
IN005
Just freeze all their money and send it to the victims. It worked with russian money so why not here in this case?
probablyobvious
Ya, just think, that would only take 40 years to bankrupt them if they are billionaires. Think about that...
DrunkKingOfImgur
I'm not opposed to adding 4-5 0s to the number...
probablyobvious
People being ok with billionaires existing confuse me.
DrunkKingOfImgur
Yeah, I'm just as confused as you are on that one lol
thefrompleman
y'all need to start rioting like the french smh how many deaths these people caused? get them out ur society ffs
mouseasw
Until the majority of us can no longer afford food and shelter, we won't riot. ?
mouseasw
It's getting there, but we've got a few years yet to go.
aChungusAmongUs
10$ says they’ll just increase their rates to pay for it and then eventually that cost will end up paid for by us
deviousurchin
Nah, they’ll make more money writing it off on their taxes
jridley
Where you do think a businesses money comes from if not from charging customers for their product?
sleepinggreenidea
You're talking about gross earnings. They're very obviously talking about net earnings.
guitarfourtysix
His point was, the consumer, not NS, will eventually for our poisoning. This isn't quantum physics, try to keep up.
ThatGareBear
My money's on them taking the cheapest, most incomplete, most "fuck them people" approach to "cleaning" this up.
ChiGamer
EPA is on cleaning duty now, not the company. The company is the ones paying for whatever it costs for EPA to cleanup.
ThatGareBear
I may be wrong but the wording was that the company is responsible for cleanup and if they fail to do so the EPA will do it at 3x rate plus>
ThatGareBear
Fines of up to $70k per day.