Times are bad for British Petroleum (BP). This week it was temporarily banned from new US federal contracts as punishment for the 2010 Gulf of Mexico oil spill, and some analysts think the company is now ripe for takeover, while others think a split is more likely.
Regardless, we should see more BP assets up for sale.
Citing BP’s “lack of business integrity” during the April 2010 spill disaster, the Environmental Protection Agency (EPA) on Wednesday banned BP from new federal contracts for an undefined period.
Two weeks ago, BP reached a $4.5 billion settlement with the Justice Department over criminal charges related to the 200-gallon oil spill and the death of 11 men.
When the EPA decides to lift the ban will depend on when BP can demonstrate that it is meeting federal standards. How it would do this remains unclear. Apparently one step towards this has already been taken in the form of a 100-page paper ostensibly demonstrating the company’s commitment to responsibility. Continue reading via this link to oil price.com
They must be joking , writing a 100 page paper does not in any way demonstrate a commitment to responsibility.
THIS IS AS LAME AS GOVERNOR CUOMO's CODE OF CONDUCT FOR WIND ENERGY.
CUOMO's CODE of CONDUCT CREATED THE PERFECT WIND STORM ~
OPTIONAL ETHICS FOR THE WIND INDUSTRY, BALANCED WITH OPTIONAL INTEGRITY IN GOVERNMENT.
No comments:
Post a Comment