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.
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.
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.
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."
Isaac is the latest blow to a community that is spiritually tied to the land -- a community where sense of self and sense of place are irrevocably bound.
Earlier this week, a coalition of public health, wildlife, and conservation organizations filed a Clean Water Act lawsuit in an effort to compel the Environmental Protection Agency to issue a rule regarding the use of chemical oil dispersants.
Four years ago, a small group of environmental activists faced down a crowd of nearly 500 angry workers sporting sunny yellow and green buttons at a permit hearing in Whiting, Indiana. Their employer, BP, wanted to expand its refinery.
As the founder and CEO of Bloomberg New Energy Finance, Michael and his team are the world's most comprehensive providers of independent analysis, data and news in the clean energy and carbon markets.
Britain has launched its largest peacetime security operation ever for the Summer Olympics. Nearly 20,000 armed personnel are now providing security -- almost double the number of British troops currently serving in Afghanistan.
One thing is for sure: When it comes to how the billions of dollars in BP fines slated for the Gulf Coast is used by the states, advocates, watch-dog groups and citizens alike best keep their nose on the money trail.
Your secretary of the interior, Ken Salazar, recently told reporters asking about Shell's recent drilling permits and Alaska's Arctic, "I believe there's not going to be an oil spill." "I believe" is not good policy. I believe that unicorn fur is the most absorbent clean-up product.
In the wake of Wall Street recklessness that caused economic collapse, Congress gave shareholders and citizens Dodd-Frank to help them constrain self-dealing corporate executives. The 99% Coalition and shareholders are working with those tools even as Republicans vow to take them away.
It's innovative and committed, but it also points to a massive global failure of leadership on climate policy. We should put a price on carbon across the entire economy.