Paddy Power Tries To Cash In On Marine Life Extinction

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Paddy Power is taking bets on which species of marine life will become extinct first… and which BP executive.  This is a catastrophe of such enormous magnitude, one that affects lives and livelihoods, the environment, and America’s collective psyche, it is unseemly to sink to this level (via the Wall Street Journal):

In a press statement entitled “Ridley Turtle Tipped For Oily Exit” the plucky Irish bookmaker is taking bets on which marine species will first become extinct due to the month-long oil spill disaster in the Gulf of Mexico.

Here’s what the release says:

RIDLEY TURTLE TIPPED FOR OILY EXIT

(24 May 2010, Dublin) As the oil disaster in the Gulf of Mexico enters its second month with little or no sign of abating, leading betting outfit Paddy Power are taking bets on the first species to become extinct as a direct result of the spill. [...]

Paddy Power says it’s trying to highlight the responsibilities of oil companies.

How noble.

Worthy sentiments, but they don’t fit the tone of Paddy Power’s statement, with comments, as mentioned above, like “Top of the bookies list at odds of 4/5 is the already critically endangered Kemp’s Ridley Turtle.” Followed by the bad-taste punchline: “In what must be considered spectacularly bad luck, this particular species of turtle migrates to the Gulf of Mexico at this exact time of year.”

Some punchline [click green button].


But the bottom line is this: the idea is to make money, get publicity off these bets.

So they’re profiting off a dying ocean, devastated industries, the health and welfare of all involved, and a disastrously polluted shoreline. In that way, they’re not much better than BP.

I’m betting that I don’t go back to Paddy Power’s site any time soon.

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  • raindog

    Grow up!!! This is just a distraction from the people who are really profiting from the extinction of species. For those of us who care about those species and not just care about occupying the moral high ground – we might do better to use this opportunity to highlight the plight of these endangered animals and the behavior those who spew oil and other pollutants into their habitats rather than attack the messenger. The reality is that the animal life named by Paddypower are truly at risk, and Paddypower are quantifying the risk and bring focus on those most at risk. They might make a few bucks out of it but it's a wasted chance of useful publicity if all we do is post blogs condemning them and not the cause of the problem. We also might do well to focus our conservation energies to those with the shortest prices rather than tut-tutting and saying 'down with that sort of thing' !!!

  • Walt

    What Naomi Klein coined as “disaster capitalism.” Or what I like to say, immoral greed.

  • Marnie

    What do you want to bet the oil industry has derivitive type bets that their rigs will fail and bets on on their failure.
    What do you want to bet that TransHalliBritish carried Peasant Policie llife insurance on their empolyees and have cashed in on the 11 that got killed?

    Both types of betting are tacky but the two I've mention are evil.