Archive | July, 2010

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Coal’s Anonymous Dirt

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28. July 2010

Coal’s Anonymous Dirt

Big Coal is planning an anonymous campaign blitz against elected officials (in Kentucky in this case) who dare to favor any restrictions on coal. That’s according to an internal coal company memo obtained by Kentucky’s Lexington Herald newspaper. This is only a tiny piece of the fallout from the Supreme Court’s decision to let corporations pour unlimited anonymous money into political campaigns. How many of these memos do we not know about?

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BP’s CEO Crisis Lurch (Again)

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27. July 2010

BP’s CEO Crisis Lurch (Again)

“When he abruptly resigned as chief executive of BP PLC [he] left the company in disarray. The giant energy producer was struggling with
a legacy of accidents and spills in the U.S.” Nope, that’s not about the swift booting of Tony Hayward by the BP board on Tuesday. It’s from a 2007 Bloomberg story on the last crisis change in leadership at BP.

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Hayward’s Golden Parachute Worth $18.5 Mil

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26. July 2010

Hayward’s Golden Parachute Worth $18.5 Mil

Ahead of tomorrow’s anticipated release of BP’s second-quarter financial statements–and of the massive losses–BP is expected to appoint Managing Director Bob Dudley to replace Tony Hayward as CEO during tonight’s board meeting in London. Hayward is rumored to be leaving his post with $18.5 million–the equivalent of a year’s salary and a guaranteed pension. (On [...]

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News Clipping

Gas-Price Grousing Tip of Iceberg

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22. July 2010

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Gas-Price Grousing Tip of Iceberg

Retailers, refiners say ups, downs hit them too By Alison Sider, ARKANSAS DEMOCRAT-GAZETTE Though gasoline prices have fallen from nearly $4 a gallon in the summer of 2008, now hovering close to $2.60 for a gallon of regular in Arkansas, filling up the tank can still be a painful experience. But consumers aren’t the only [...]

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BP: How many faked photos?

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21. July 2010

BP: How many faked photos?

OK, BP has confessed the Photoshop fakery that made its crisis control room look a lot busier by making blank monitors look live. BP blamed it on a free-lance photographer working for them–though as blogger John Aravosis (who originally spotted the fake on BP’s web site) noted, no professional photog would do such a completely [...]

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$20 Billion for “Clean Coal”?

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15. July 2010

$20 Billion for “Clean Coal”?

$20 Billion for "Clean Coal"? by Khan Shoieb Senators John Rockefeller IV (D-WV) and George Voinovich (R-OH) have reportedly come out with a bill that would give massive subsidies to the coal industry over the next decade and might be packaged into upcoming energy legislation in the Senate. According to CQ: [The Senators] unveiled a [...]

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Big Oil’s Boondoggle Machine

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7. July 2010

Big Oil’s Boondoggle Machine

Given the fury directed at BP in Congressional hearings on the Gulf oil spill, you’d think the time was ripe to cut the oil industry’s ridiculous subsidies–amounting to at least $40 billion per decade, according to a well-researched New York Times story over the July 4th weekend. But guess again. The oil industry has kept [...]

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Beware BP spin on size record

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1. July 2010

Beware BP spin on size record

7-01-2010 by dugan   BP’s devastating oil spill may now be the largest accidental spill in modern history, bigger than the estimated 140 million gallons spewed by the 1979-80 Ixtoc spill off the coast of Mexico, which eventually slimed 170 miles of Texas beaches. It’s smaller only than the deliberate spillage by Iraq into the [...]

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