Climate crimes: Naomi Klein on greenwashing big business

Thursday, 11 September 2014 21:00
I denied climate change for longer than I care to admit. I knew it was happening, sure. But I stayed pretty hazy on the details and only skimmed most news stories. I told myself the science was too complicated and the environmentalists were dealing with it. And I continued to behave as if there was nothing wrong with the shiny card in my wallet attesting to my "elite" frequent-flyer status.
Edmond Jackson's Stockwatch: Insider backs BP. Should you?
Wednesday, 10 September 2014 13:07
Is the bad news - a US District Court finding BP "grossly negligent" regarding its 2010 Gulf of Mexico oil spill - actually a sign to buy? As a result, shares in integrated oil & gas companyBP (BP.) fell near the lower end of their 524p/455p annual trading range, in a sideways channel since mid-2010.
BP's Oil Spill Liabilities Could Rise Sharply As The Court Finds It Grossly Negligent
Wednesday, 10 September 2014 08:13
A U.S. federal judge has ruled thatBP Plc.(BP) was grossly negligent in the lead-up to the 2010 DeepwaterHorizon incident. This could increase the London-based oil and gasgiant's total liabilities by as much as $14.5 billion. The companyhas come out with a statement expressing strong disagreement withthe verdict and plans to immediately appeal to the U.S. Court ofAppeals for the Fifth Circuit.
More litigation concerns await BP despite the latest Macondo ruling
Wednesday, 10 September 2014 03:01
A must-know guide to BP and the recent Deepwater Horizon ruling (Part 4 of 7) (Continued from Part 3) Trust created to meet obligations As of the end of June, BP PLC (BP) has set aside $3.5 billion for any potential penalty in anticipation of any unfavorable ruling under the Clean Water Act. By the end of June, BP has recorded $42 billion (pre-tax) charges related to the matter.
BP lost 55% shareholder value after the Deepwater Horizon incident
Tuesday, 09 September 2014 12:51
A must-know guide to BP and the recent Deepwater Horizon ruling (Part 3 of 7) (Continued from Part 2) What happened on April 20, 2010? Deepwater Horizon was a deepwater, offshore oil drilling rig owned by Transocean (RIG) and operated by BP Plc. (BP). On April 20, 2010, while drilling at the Macondo Prospect, there was an explosion on the rig caused by a blowout that killed 11 crew members.
A must-know guide to BP and the recent Deepwater Horizon ruling
Tuesday, 09 September 2014 04:50
A must-know guide to BP and the recent Deepwater Horizon ruling (Part 1 of 7) BP’s accident BP PLC (BP), the British energy major, was held accountable for “gross negligence” in a U.S. federal court ruling over the oil spill incident that took place in April 2010. The accident, infamously known as the “Deepwater Horizon” or “Macondo” accident, involved millions of gallons of crude oil spilling into the Gulf of Mexico for over three months.
BP found reckless in Gulf oil spill, could face extra $17.6B in fines
Monday, 08 September 2014 13:37
A judges ruling in the 2010 Gulf of Mexico oil spill case that could cost BP an additional $17.6 billion in fines sent the companys shares tumbling Thursday. BP was found by U.S. District Judge Carl Barbier to have acted with gross negligence, leading to the worst U.S. offshore oil spill. The ruling triggers the highest possible fines under the Clean Air Act of $4,300 per barrel of oil spilled.
BP Rating Outlook Cut to Negative by Moody's on Court Ruling
Monday, 08 September 2014 08:40
Oil giant BP plc (BP) underwent a rating action from Moody's Investors Service, a unit of Moody's Corporation (MCO). The rating agency downgraded the outlook to negative, following a U.S. District Court ruling that BP was grossly negligent in its response to the Macondo accident and oil spill of Apr 2010.
Oil & Gas Stock Roundup: BP Blamed for Macondo Disaster, Halliburton Escapes with $1.1B Fine
Monday, 08 September 2014 04:37
The past week was all about the 2010 Macondo oil spill verdicts, wherein BP plc (BP) was found culpable for the disaster but Halliburton Co. (HAL) escaped with a $1.1 billion fine. Overall, it was a bad week for the sector. West Texas Intermediate (WTI) crude futures declined for the ninth time in 11 weeks – this time by 2.8% – to close at $93.29 per barrel.
BP Deepwater Horizon Spill: UK Government Sends Support For British Oil Giant In US Court Rulings Tied To 2010 Disaster
Sunday, 07 September 2014 04:39
The U.K. government is throwing its support behind British energy giant BP PLC (NYSE:BP) in U.S. court cases stemming from the 2010 Gulf of Mexico oil disaster. London's lawyers have urged the U.S. Supreme Court to review its ruling that BP has to keep compensating companies affected by the disaster, even if those businesses can’t prove they were directly harmed, according to media reports.
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La. US Senate Debate

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