JUNEAU -- Alaska Gov. Sean Parnell offered a new attack on the state's current oil tax regime in his State of the State speech Wednesday, saying that ...
This torrent of money flowing into OPEC, especially into the Persian Gulf States, raises the question how this massive windfall is being put to use other than providing fresh capital for the world's largest sovereign wealth funds, as those of Saudi Arabia, United Arab Emirates and Kuwait.
It will be interesting to see how long the suspension remains in place. The last time the EPA took steps to exclude BP from federal contracting -- back in 2009 -- the agency backed off due to pressure from the Pentagon.
This morning, the EPA announced that BP has been banned from acquiring any new U.S. government contracts due to its "lack of business integrity." Still, BP needs to remain viable in the U.S. so they can continue to pay for clean up and civil penalties.
Oil giant BP says it has agreed to pay $4.5 billion in a wide-ranging settlement with the U.S. government over the 2010 oil spill in the Gulf of Mexic...
Not ones to miss a good tie-in, we're ready to put our proverbial necks on the chopping block and announce this year's "PR Pardons." The list includes companies and individuals we think deserve a second chance in the court of public opinion.
By David Gessner, OnEarth "I hear comments that large oil companies are greedy companies, or don't care, but that is not the case in BP. We care about...
Can we please get a grip? The only sentient beings in a corporation are the people who run them or work for them. When it comes to criminality, they're the ones who should be punished.
The change in regulation hasn't just been seen in the actions of regulators. There is a new boldness in the comments they are willing to make to, and about, the industries they regulate.
With less than seven percent of this initial commitment to the Gulf Coast met, it's fair to say BP must do a better job of working fairly with the state and federal trustee to move projects forward.
BP is being held accountable for its mistake in the U.S., but Chevron remains a fugitive from justice for its crimes in Ecuador. It's hard not to conclude that a U.S. life is just worth more than an Ecuadorian life.
With energy demand, predicted to rise 20% through 2025, National Oil Companies are poised to have even an greater impact on the global economy, and in shaping oil producing countries' foreign policies.
In a closed door deposition last month, Marcia McNutt, head of the U.S. Geological Survey, testified that BP did not disclose critical information to the government about the flow rate, and company emails clearly instructed BP employees to not disclose information outside the "circle of trust."
I can understand that they were fearful of an outburst, although neither my friends or I had any intention of doing so. The real question is why were we not allowed to speak in the first place?
There is a real problem at the site. Oil is definitely there, and it is a true problem. Think about it. From April 20, 2010 to July 15, 2010, the well flowed something around 5 million barrels of oil into the ocean environment. Only a small portion of that oil was recovered or burned.
What's the difference between BP paying $5.4 billion to repair the epic mess it created along the Gulf Coast and the $21 billion check it should write? Two words: "grossly negligent."