"Holding a company accountable for their actions isn't the same thing as "extorting them for money""
No it isn't when the legal system does it, which is one reason we have laws and a legal system, however when a President does it, it can be extortion.
"Keep in mind BP didn't mount an enormous argument against Obama's demands,"
Do you have a copy of the conversation that went on between Obama and BP??
At one time kings were anointed by Deity, so the problem was to see to it that Deity anointed the right candidate. In this age, the myth is 'the will of the people' . . . but the problem changes only superficially."
Heinlein
ET