Showing posts with label BP. Show all posts
Showing posts with label BP. Show all posts

Thursday, March 31, 2011

The Age of Oops - Derrick Jensen

FOR AT LEAST FIFTEEN YEARS, I’ve been publicly arguing that this culture is functionally, inherently, systematically unjust and unsustainable, and that while legislative approaches can slightly mitigate some of the injustices or unsustainability, these approaches will never be anywhere near sufficient. Well, I was wrong. I recently undertook a thought experiment in which I challenged myself to imagine a piece of legislation that would solve the injustices and unsustainability of this culture.
Maybe I should back up a little bit. A central problem of this culture is a near-total lack of accountability on the part of perpetrators of violence on every level, from domestic violence and rape (only 6 percent of rapists spend even one night in jail) to government-sponsored torture and war crimes to massive crimes against the environment. A not-very-funny riddle should make my point. Q: What do you get when you cross two nation states, a large corporation, forty tons of poison, and at least eight thousand dead human beings? A: Retirement with full pay and benefits (Warren Anderson, CEO of Union Carbide). I’m not the only person who has noticed that those who are destroying the planet almost never pay any real costs themselves. What happened to Tony Hayward, CEO of British Petroleum, who among others should be held accountable for the massive Deepwater Horizon oil spill? He was released from his position with a $1.6 million severance payment, as well as an annual pension of about $1 million (he also holds several million shares of BP stock). While some daring souls have boldly asked whether it might be a teensy bit appropriate to, ahem, politely request an inquiry into whether this severance package should be reduced even the tiniest bit, I’ve not seen many public calls (though I’ve heard a lot of private calls) for Hayward’s head to be paraded around New Orleans on a pike.

Tuesday, February 15, 2011

BP Executive Resigned over Safety Protocols Before Spill

A class action federal lawsuit has revealed that a former BP executive resigned in late 2009 because of concerns over the company’s safety protocols in offshore drilling operations. Kevin Lacy resigned in December 2009—just months before last year’s massive oil spill. He was BP’s former senior vice president for drilling operations for the Gulf of Mexico.

HOUSTON — A former official with BP's drilling operations in the Gulf of Mexico resigned just months before last year's oil spill because of disagreements with the oil giant over its commitment to safety, according to a class-action federal lawsuit related to the spill.

Wednesday, November 3, 2010

BP Posts $1.79B Quarterly Profit; Firm that Certified Rig (as safe) now Hired to Inspect Blowout Preventer system


The oil giant BP has posted its first profit since the April 20th oil spill set off one of the worst environmental disasters in US history. Earlier today, BP reported a third-quarter profit of $1.79 billion. The news comes as the Interior Department is under criticism for hiring a Norwegian firm that certified the safety measures aboard the Deepwater Horizon to now inspect the device that failed to prevent the spill. The firm, DNV, has received a $1.3 million contract to study the blowout preventer aboard the rig. DNV certified the Deepwater Horizon’s safety procedures and its blowout preventer in 2007 and 2009.

(...let's higher the person who poisoned you to make you better?)

Thursday, August 12, 2010

BP Ties Compensation Fund to Gulf Coast Drilling Revenues

BP Ties Compensation Fund to Gulf Coast Drilling Revenues

The Huffington Post is reporting the oil giant BP appears to have structured its $20 billion compensation fund so that it will only be solvent if the company continues profiting from oil drilling in the Gulf of Mexico. The US government’s agreement establishing the fund isn’t with BP or even BP America, but with a subsidiary called BP Exploration & Production, or BPEC, which operates BP’s Gulf oil leases. Vested with BPEC, the compensation fund could presumably fold in the event BPEC stops generating revenue from its Gulf operations. The structuring also could increase BP’s leverage in ensuring a continued Gulf presence, should it come under challenge. In a statement, the watchdog group Public Citizen called the arrangement "wildly inappropriate," adding, "It will give the government a financial incentive to become an even bigger booster of offshore oil drilling in the Gulf—the fatal flaw of the Minerals Management Service at the time of the BP disaster."

Monday, August 9, 2010

The Nation: We Have Yet to See The Biggest Costs of the BP Spill

Raj Patel
We’re almost at the happily-ever-after stage of the Gulf oil spill story. The well has been killed, the beaches are being scrubbed and wicked Tony Hayward has been banished to Russia. All that’s left now is for BP to make good on the damage it has caused. The company has set aside $32 billion to meet its liabilities, while doing everything in its power to keep the damages below that figure. But even if it has to pay the full price, it will have won one of the biggest bargains in corporate history. BP’s true debt is far higher than any of the figures that have been floated to date. The biggest costs to the Gulf have yet to be seen.
It was clear early on that BP was as committed to engineering the public perception of the spill as it was to cleaning it up. Soon after launching its clean-up operation, BP banned photographers from taking aerial shots of the slick, citing “safety precautions.” Similar methods continue to be used to prevent media access to key sites, and in its own press releases, BP has doctored photos to make its clean-up efforts appear more strenuous.

Monday, July 19, 2010

News?


Oil Seep Discovered Near Ruptured Well
At Least 45 Killed in Iraq Suicide Bombing
Report: Karzai to Unveil 2014 Withdrawal Deadline
Amidst Clinton Visit, Pakistani Military Accused of Extrajudicial Killings
AIG Agrees to $725M Settlement in Fraud Suit
Couple Sentenced on Cuba Spying Conviction
NY Limits "Stop and Frisk" Database
Southwest Workers Union Member Critically Injured in Shooting Attack
Mandela Honored on 92nd Birthday
US Citizen Remains on No-Fly List After Returning Home
Appeals Court Upholds Sentence for Gitmo Whistleblower

Gulf Coast Workers to Have Cleanup Pay Deducted from Claims


Earlier today, BP said the oil spill cleanup has cost nearly $4 billion so far, including $207 million to settle damage claims. Gulf Coast residents meanwhile are voicing outrage over news the government-administered claim fund will subtract any money they earn by working for the cleanup effort from any future claims. Fund administrator Kenneth Feinberg says the ruling will apply to anyone who participates in the Vessels of Opportunity program, which has employed hundreds of Gulf Coast residents left out of work because of the spill. A group of fishermen walked out of a public meeting on Friday after Feinberg announced the decision.

Thursday, July 1, 2010

BP Accused of Using Dispersant to Mask Spill Size


BP is facing accusations of using a toxic dispersant to deliberately hide the size of the oil spill in the Gulf. In an interview with CNN, Dallas investment banker Fred McCallister said the dispersant has been used to sink the oil in order to mask to minimize BP’s financial liability.

Fred McCallister: "The issue that BP is facing right now is whether to use practices that are normal around the world, which is to try to cause the oil to come to the surface, and then deploy the right amount of equipment and the right type of equipment to gather that oil up and get it out of the Gulf. Using the dispersants allows the oil to stay under the surface, and this accomplishes several purposes. It allows the—it makes it a lot more difficult to quantify the amount of oil that’s coming out, which has a direct impact on damages and royalties that have to be paid. It keeps it out of sight and out of mind. And it allows BP to amortize the cost of the cleanup over several years, 10 to 15 years, because some of this oil is going to biodegrade, but a lot of that oil is going to roll up on the beaches for 10 or 15 years."
McCallister says BP has rebuffed his attempts to organize a fleet of foreign skimmers to assist with the cleanup effort, saying the company is fearful the skimmers could help tally the size of the spill.

News?

  1. House Approves Financial Regulation Overhaul
  2. GOP Continues Senate Filibuster of Unemployment Benefits
  3. Senate Panel Votes to Remove Spill Liability Cap
  4. BP Fined $5.2M for False Reporting on Colorado Leases
  5. House Panel Votes to Undo Cuba Trade, Travel Restrictions
  6. Puerto Rican Police Quash Protest at State Capitol
  7. Israeli Peace Group Calls for New Flotilla Probe
  8. Study: Media Stopped Calling Waterboarding "Torture" Following Its Disclosure as Routine U.S. Practice
  9. ACLU Sues U.S. over No-Fly List

Tuesday, June 22, 2010

Feds: New Gulf waivers for existing wells

Three environmental waivers granted by federal regulators this month were for modifying existing oil projects in the Gulf of Mexico, U.S. officials told McClatchy.

The Department of Interior's Minerals Management Service issued the waivers _ which exempt oil and gas projects from detailed analysis of their environmental impacts _ to allow oil companies to conduct seismic activity, add generators and begin production on existing sites in the Gulf, according to an official who couldn't be named under department policy. None were for drilling new wells.

Friday, June 18, 2010

THE GULF COAST VS. BIG OIL

 The Obama administration, concerned that BP may try to avoid giving full, prompt compensation to all the people its oil disaster hurt, negotiated a $20 billion escrow fund that the company will set up to compensate Gulf Coast residents. Yet instead of supporting the administration's efforts to hold BP accountable, Barton, the top Republican on the Energy Committee, apologized to Hayward during the CEO's testimony, saying, "I'm ashamed of what happened in the White House yesterday. I think it is a tragedy of the first proportion that a private corporation can be subjected to what I would characterize as a shakedown. ... I apologize." Nowhere in his complaints about the supposed "shakedown" does Barton ever ask Hayward or BP to formally apologize for the thousands of livelihoods ruined, the workers killed, or the massive environmental disaster caused by the company's oil spill. Of course, Barton, who was employed by BP subsidiary Arco before becoming a congressman, may simply be paying the oil industry back for its generous support. He has taken $1.4 million from the oil and gas industry, including $27,350 from BP.

The People Versus The Powerful

As BP CEO Tony Hayward testified before Congress yesterday, oil continued to gush into the Gulf of Mexico for the 58th day after the oil rig his company operated exploded and initiated the largest oil spill in U.S. history. While many lawmakers used this opportunity to press Hayward on his company's incompetence and malfeasance, Rep. Joe Barton (R-TX) apologized to BP for the White House's efforts to make sure the oil giant compensates the victims. Barton's stunning apology to a giant foreign oil corporation that has
devastated the Gulf Coast economy is emblematic of a larger philosophical divide in U.S. politics. On issue after issue, progressives have fought to hold big corporations accountable, stand by everyday Americans struggling to create a better life for themselves, and create a more just America for all. Conservatives, on the other hand, have aligned themselves with the nation's most powerful interests -- Big Oil, Wall Street, insurance companies, labor rights violators, and others whose mantra may as well be "greed is good." At stake in the battle between these two sides is the very idea of the American Dream -- that anyone who plays by the rules and works hard will succeed. The question Americans must ask of their politicians is clear: Which side are you on -- the people or the powerful?