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The USHCC Applauds BP America's Record-Breaking Restoration Efforts

Tuesday, 06 May 2014 13:01
WASHINGTON, DC,, May 6, 2014 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce (USHCC) applauds BP America, one of the nation's leading energy producers, for making the most substantial investment toward environmental restoration in history following the Deepwater Horizon oil spill in the Gulf of Mexico. In total, the company has spent over $26 billion in government claims and clean-up, committed $1 billion to restoration, and has allocated $500 million for independent scientific…
How BP Hilariously Locked Itself Into Billions in Oil Spill Payments
Monday, 05 May 2014 14:45
S Last night, 60 Minutes aired a report on how BP is trying to get out of a contract that has forced the oil giant to pay billions in reparations stemming from the Deepwater Horizon oil spill, even to people who weren't directly affected by the disaster.
60% Upside Potential For This Contrarian Pick -- If History Repeats Itself
Monday, 05 May 2014 08:00
The media doesn't just give us the news anymore, it gives us the news with the drama turned up 1,000%. And bad news can result in some huge returns for investors. A perfect example of negative publicity creating opportunity was the British Petroleum (BP) oil spill in the Gulf of Mexico in 2010. Day after day, while the oil flowed into the ocean the headlines were full of stories about the disaster.
BP cries foul in massive oil spill settlement
Sunday, 04 May 2014 19:15
The following script is from "Over A Barrel" which aired on May 4, 2014. Scott Pelley is the correspondent. Robert Anderson, producer. The biggest accidental oil spill the world has ever seen began with the explosion, in 2010, of theDeepwater Horizon in the Gulf of Mexico. Thousands of businesses suffered along an oily arc from Texas to Florida. And BP, the company at fault, started paying them compensation right away.
The truth behind the spin: What BP doesn’t want you to know about the Gulf oil spill
Sunday, 04 May 2014 11:15
“I had significant problems with some of the facts, a lot of the language, but most of all the overall tone and theme of the responsible party press release,” Sparks told the Times-Picayune. “I found it to be very misleading.” BP denied suggesting that its work or that of the Coast Guard was completed. “Our announcement last month merely highlighted the end of active cleanup of the Gulf shoreline, not the end of the response,”…
BP to cut 30 pct of IT staff in upstream business -source
Sunday, 04 May 2014 01:15
LONDON, May 2 (Reuters) - British oil and gas explorer BP will cut around 30 percent of IT jobs in itsinternational upstream division following a review of itssupport services, a source familiar with the situation said. BP (LSE: BP.L - news) confirmed its support service review may result in IT joblosses, but declined to comment on the number of employeesconcerned.
BP tells '60 Minutes': Fraud costs us $500 million
Friday, 02 May 2014 12:45
CBS' "60 Minutes" looks at another angle of the BP oil spill, and this time BP says it's the victim. But others say that BP has only itself to blame. BP alleges that $500 million set aside for victims of the 2010 spill has gone to undeserving parties, such as an escort service in Florida and a surgical practice 300 miles from the spill.
BP to cut 30 percent of IT staff in upstream business: source
Friday, 02 May 2014 10:15
LONDON (Reuters) - British oil and gas explorer BP (LSE:BP.) will cut around 30 percent of IT jobs in its international upstream division following a review of its support services, a source familiar with the situation said. BP confirmed its support service review may result in IT job losses, but declined to comment on the number of employees concerned.
BP cries foul over $500M in compensation awards
Friday, 02 May 2014 10:15
BP claims that $500 million of the money it set aside to compensate victims of its 2010 oil spill has been awarded to businesses that don't deserve it. Among the unwarranted claims, says BP, were an escort service in Florida, a surgical practice 300 miles from the spill and a wireless phone company that burned to the ground before the spill occurred.
BP cleaning up oil spill in Alaska
Thursday, 01 May 2014 19:15
BP is cleaning up an oil spill in Alaska, following the rupturing of a well line on Thursday (local time). Thirty-four acres were sprayed with crude oil and natural gas, in the state's North Slope region, reports Reuters. The exact amount of liquid that leaked form the line remains unknown and is being investigated by BP and Alaska's Department of Environmental Conservation.
 

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