| Oil spill, who is responsible?? | for loretta's contacts |
I
asked myself the question; Who owns BP?? Because ……… ultimately whoever
owns it is responsible for this mess. Seems that’s not an easy question
to answer. wikipedia says
http://en.wikipedia.org/wiki/BP
‘’ BP plc is a British global energy company that is also the third largest global energy company and the 4th largest company in the world. As a multinational oil company ("oil major") BP is the UK's largest corporation, with its headquarters in St James's, City of Westminster, London. BP America's headquarters is in the Two Westlake Park in the Energy Corridor area of Houston, Texas. The company is among the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product marketing companies). The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.’’
Who are BP major shareholders?? I asked myself, ‘cos if they are the owners they are ultimately responsible.
If any one knows the answer to this please let me know. All I could find out was that the top employees of BP are likely to be significant share holders; and they are
http://en.wikipedia.org/wiki/Carl-Henric_Svanberg
Carl-Henric Svanberg (born May 29, 1952) is a Swedish businessman and current Chairman of BP.Svanberg holds a Master's degree in Applied Physics from the Linköping Institute of Technology and a Bachelor's degree in Business Administration from Uppsala University. Svanberg holds an honorary doctorate from the Luleå University of Technology.
http://en.wikipedia.org/wiki/Tony_Hayward
Dr
Anthony Hayward CCMI (born 1957) is the Chief Executive of oil and
energy company BP Group, taking over from John Browne, Baron Browne of
Madingley on 1 May 2007. Hayward gained a first class geology degree
from Aston University in Birmingham followed by a PhD from Edinburgh
University. Joining BP in 1982.http://www.thisislondon.co.uk/standard-business/article-23812471-rise-puts-bp-boss-among-ftses-top-earners.do
BP chief executive Tony Hayward's pay rose by 26% to £3.2 million last year, making him one of the best-paid bosses in the Footsie.
Most of Hayward's increase came from a performance-related bonus, after BP was the only oil major to grow profit year-on-year at fourth-quarter results.
He could also scoop a £7.2 million bonus if BP hits certain financial and environmental targets by 2012.
The oil giant's annual report reveals that its new chairman Carl-Henric Svanberg, who in January replaced Peter Sutherland on the board, scooped a 25% pay rise on his predecessor's £600,000 salary.
The Swede's £750,000 a year makes him one of the UK's best-paid, part-time directors.
Byron E. Grote (born 1948 or 1949) is currently the chief financial officer of BP. He has been with the company since 1987 following their acquisition of Standard Oil of Ohio where he had worked since 1979. He took the position of CFO in 2002. He received a Ph.D in 1981 in quantitative analysis from Cornell University.
Grote's annual salary from BP is $1,340,000. In 2008 his bonus from BP was $1,742,000.
To me this looks as if we have one Swedish Business man, one British business man and one American business man at the top of this organization. Between them they appear to earn more than the combined wealth of several small nations. They are also probably major share holders in BP; is it unreasonable to ask them to pay a substantial share of the clean up operation?? ………..or does this idea seem a little too radical?? Maybe even a little too socialist and against the sacred spirit of free enterprise.??
I’m no expert here and if any one has better information than this feel free to add it.
18 Comments
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hadenough1 wrote on May 23, '10, edited on May 23, '10
luckebabe said
 my
question is, with this kind of drilling, or any drilling, why aren't
there security and emergency measures in place. (in case of an accident)
they didn't know what to do and still don't!!I am so sad about this. 
I agree it is sad.
Why aren't we looking at more rules" now?" What are we waiting for again? Rules can be changed--there done all the time on many things. What is present government doing besides looking for blame and the how it happened Sure that might tell us some things--but we know enough to do more now too. |
hadenough1 wrote on May 23, '10, edited on May 24, '10
Really--can you show me that? What part does oil play in the earth than-nothing at all--just a filler? Hmm
Nature seems to have what it needs. Almost a product of great design. We know the earth operates as a holistic system, everything in the system fulfills a function (if not more) that is vital to the whole system. Geophysicists use seismic wave studies, variations in temperature, magnetic fields, gravity, and computer simulations to create models of deep structures. (like they do earthquakes and measuring even what could happen with this spll) You might look studies up on those--it shows how oil does have this function Geologic Time for one has made studies. The entire span of Earth existence is compressed down to years. And the affects of less oil in the earth and it's movement with less -We can see and it shows in waves and motion. A relationship between this timeline and that of life on Earth is established, along with fossils and radiocarbon dating playing a major role in the discovery. Yes they can see an affect of oil and it's movement below the ground and how it affects other things. But I would love to hear how you know this isn't true. I have an open mind. And I love Science. I read and study it regularly. Got some Science facts to say that isn't so-?-I would like to see that-thank you? I did say where you can look to find some of what I have read. I don't have Hi-speed or the time. So please just give me an area to look in that says that isn't so. And I will Your right about the ocean it too is a major factor to what will happen to us and the world if we don't take better care. Wonder when we will or do we just keep blaming the last guy for doing this and that? |
astranavigo08 wrote on May 23, '10
hadenough1 said
You know oil serves a purpose in the underground too. It's like a lubricant to our moving world
What????
I don't know where you studied geology - but that's just not true. In spite of all the rhetoric and discussion, Bill Maher probably said it best: "We've got one ocean. We've poisoned it. Do the math, folks." |
hadenough1 wrote on May 21, '10
And as stated above-- us too--for our unlimited consumption. Why some think oil doesn't have its limits, I will never know
You know oil serves a purpose in the underground too. It's like a lubricant to our moving world--what will happen if we take to much out --is yet to be seen. (Or maybe not some say we are seeing it--it might cause more earth distubstances like more earthquakes , eruptions, floods, etc. Time will tell.) |
hadenough1 wrote on May 21, '10, edited on May 21, '10
I think we can take some responsibility--we can make regulations to
make that almost impossible for that kind of spill. We could have done
back when and we could do more "now." Instead we lifted more regulations
off them. Because of cost. And now seem shocked?
Blame got us nowhere before--nor will it now. I think we know where accountability falls. Action is needed. But so far I keep hearing how they will get to the bottom of it. How about we set regulations while we are doing that.? To unpopular? We can always excuses ourselves now by saying--so and so didn't do it before--why should I??? Silly isn't it? Seems blame is what we want more than precautions To be part of the solution--you have to make derisions that won't please the money. We need a GOOD Leader to make that stand now. We haven't had one for a long while. You know Science and animals and environment are my life-studies and work. I don't cater to a party--I'm a Conservationist Have you ever noticed that birds seem to spend a lot of time preening themselves? They spend hours every day apparently doing nothing more than ruffling up their feathers. Whether they are parrots or pelicans, sparrows or flamingos, they all go through this daily ritual. Why? Are they merely trying to look their best? The real reason is far more substantial than that. Birds need these preening sessions just as much as aircraft and ships need an overhaul. In fact, maintaining plumage in good trim is a matter of life and death to birds. Also for ships and aircrafts. Their feathers suffer a lot of wear and tear, and preening not only keeps them clean and free of parasites but also maintains their aerodynamic functions. Who is the blame the most. I feel it is our government--than and now. For their inaction. Their excuses, their pointing the finger everywhere but at themselves, What are they doing right now-right now--to help stop these accidents in the future--waiting for what--to blame? The buyer and the seller here are both the blame. They didn't care enough Why didn't they make firmer standards for transportation? Money? Are we to blame the others that they took advantage of that? Inaction. We have huge holders of substance that can float in case of disasters--were they used? Why not? They take up more room? Not enough profit for the trip ? (I doubt that-maybe for the higher ups) We have many things that could be used-yet are not. Their not required. Or they are not monitored to see they are being used. Who is to blame for this horrendous practice? Obviously, those who buy and sell (just like in prostitution ) You have the facts right. We know Oil spills could have been prevented in Australia. One of Australia's largest oil spills might have been prevented had the Northern Territory government properly monitored offshore wells. The National Offshore Petroleum Safety Authority (NOPSA) said "a failure in the integrity" of the Montara well, off the north-west Australian coast, led to the spill of thousands of barrels of oil between August and November . In its submission to the federal inquiry into the spill, NOPSA stated it had responsibility for the safety of workers, but the Northern Territory government had responsibility for regulating the integrity of the well It said if NOPSA had been in control of regulation, the risk of a spill would have been far less likely. "A more focused and better resourced administration of the arrangements for regulating the integrity of wells would have significantly reduced the likelihood of occurrence of this uncontrolled hydrocarbon release." However, the submission states that the Northern Territory, and some other states, were reluctant to hand over that power to NOPSA, despite four independent reviews stating that that should be done. The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, on March 24, 1989, when the Exxon Valdez, an oil tanker bound for Long Beach, California, hit Prince William Sound's Bligh Reef and spilled an estimated minimum 10.8 million US gallons (40.9 million litres, or 250,000 barrels) of crude oil. Identified causes Multiple factors have been identified as contributing to the incident: Exxon Shipping Company failed to repair the Raycas sonar system, which would have indicated to the third mate an impending collision with the Bligh reef. The third mate failed to properly maneuver the vessel, possibly due to fatigue or excessive workload--we hear that often. When is that going to stop? Exxon Shipping Company failed to supervise the master and provide a rested and sufficient crew for the Exxon Valdez. Dickins played a major role in six experimental spills in Canadian waters, including three in the Arctic and three off the east Coast. Findings from these projects still form the basis for much of the current knowledge about the behavior of oil spilled in cold water and arctic environments. We actually do these experimental ones (although a computer-highly developed has given the same results-over and over) They say now on this spill--A key safety device known as a blowout preventer used in the BP oil rig in the Gulf had a hydraulic leak and other problems that likely prevented it from working as designed -- a malfunction that BP may have known about before the April 20 explosion Mechanical problems? Not tested before trip? We are big on paying for studies--the blame game --than never do something about what we learn. Why? We aren't holding our government responsible neither and they should be. They are very much a part of it. These for the most part were not natural disasters--but an accident waiting to happen because of neglect. We know better. Much of mankind’s suffering is self-inflicted. For example, the dangers of certain high-risk activities are well-known. If such risky behavior results in suffering, who is to blame? God, Allah or whatever or the ones acting unwisely? How about those acting unwisely and should know better by now? Yes we're all responsible whether or not we admit it. But we need to hold accountable (despite we might favor one) both the "main buyer and seller." Make them both pay out of their bank not ours. They should all lose their jobs too. Difficult--yes. Maybe the next ones will be more careful--with our lives And toxin spreads Terrible and such a waste. A very sad event Your post shows Selfishness and Greed being a big factor--isn't it always? |
forgetmenot525 wrote on May 21, '10
veryfrank said
There
are four corporations involved. BP is primarily liable for the disaster
and there may be criminal charges filed against them for
misrepresenting (they lied) their 'recovery technology' when filing
papers for the permit to drill in the Gulf of Mexico. The rig's
owner-operator Transocean Ltd., which issued one billion dollars in
dividends to their share holders, after the gulf leak happened. That's
twice as much money as they have committed to the 'clean-up'. Cameron
International Corp., which manufactured the blowout preventer; and
Halliburton Energy Services Inc., which had the responsibility to cap
the well with cement prior to the explosion. Halliburton is former vice
president Dick Cheney's company and they along with BP and other big oil
companies assisted Cheney and Bush in formulating the US Oil and
drilling policies, a near scandal here during their reign.
Thanks Frank, I didn't know any of this but none of it surprises me...............whats that quote ...?
''Oh what a tangled web we weave, When first we practise to deceive! '' |
forgetmenot525 wrote on May 21, '10
astranavigo08 said
f you want to know who's ultimately responsible - we need look no farther than a mirror....
I've
said for a long time now that we need to alter our lifestyle and see
consumerism for what it is........we are responsible for consuming
what's on offer, but the multinationals are responsible for creating and
sustaining that demand and then sitting back and reaping the rewards,
the governments are responsible for the backing the multinationals and
continually putting profit before any thing else.
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brendainmad wrote on May 21, '10
I'm not a stockholder, but, as several others have already pointed out, we're all responsible whether or not we admit it.
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astranavigo08 wrote on May 21, '10
Who's responsible?
Let's see: 1. Oil goes in products as diverse as fertilizer and water bottles. Every product we consume in the First World has an oil component, either in manufacture or transportation. 2. The oil industry employs millions directly, and affects the employment of every person in the First World. If you want to know who's ultimately responsible - we need look no farther than a mirror.... |
Blame
will be assessed for years. A rig worker, interviewed on the US tv
show "60 Minutes" says that the BP boss pressured the Transocean boss to
take action to move before the Transocean boss felt it was safe. But
as I understand it, this was a "cluster-F***" meaning everyone can share
in the blame: a lot of little things went wrong and then a big thing.
Add to that the LAX oversight of the US government, the "Drill, Baby,
Drill" mentality and the greed of corporations and you have this
disaster.
And, as Frank said, we all are responsible. |
There
are four corporations involved. BP is primarily liable for the
disaster and there may be criminal charges filed against them for
misrepresenting (they lied) their 'recovery technology' when filing
papers for the permit to drill in the Gulf of Mexico. The rig's
owner-operator Transocean Ltd., which issued one billion dollars in
dividends to their share holders, after the gulf leak happened. That's
twice as much money as they have committed to the 'clean-up'. Cameron
International Corp., which manufactured the blowout preventer; and
Halliburton Energy Services Inc., which had the responsibility to cap
the well with cement prior to the explosion. Halliburton is former vice
president Dick Cheney's company and they along with BP and other big
oil companies assisted Cheney and Bush in formulating the US Oil and
drilling policies, a near scandal here during their reign.
This has become an exercise in finger pointing about responsibilities among the companies. There really isn't one answer to 'who is responsible', unless perhaps you will accept that we all are. |
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starfishred wrote on May 21, '10
forgetmenot525 said
I
think you are right, but having thought about it.. you say the share
holders will pay the price. You are right they will, but the ones most
likely to pay the highest price will be the army of humble grannys and
granddads who have a little nest egg invested to protect against
financial hard ship in old age. These three men Will remain obscenely
rich no matter what happens, and that is just plain wrong.
sure
it is a great tragedy even though BP will pay for the clean up you
can't pay to restore the dead lora and fauna that is the sad part--
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forgetmenot525 wrote on May 21, '10
I
think you are right, but having thought about it.. you say the share
holders will pay the price. You are right they will, but the ones most
likely to pay the highest price will be the army of humble grannys and
granddads who have a little nest egg invested to protect against
financial hard ship in old age. These three men Will remain obscenely
rich no matter what happens, and that is just plain wrong.
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starfishred wrote on May 21, '10
forgetmenot525 said
I
don't know Heidi...............maybe someone else does. I actually
found it quite hard to untangle the information and find out any thing.
But that is probably just me, this isn't the sort of 'investigation' I
usually embark on
I understand all these huge corporations are like that sigh
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forgetmenot525 wrote on May 21, '10
starfishred said
but who was the subcontractor who was responsible for the pumping that is the question--
I
don't know Heidi...............maybe someone else does. I actually
found it quite hard to untangle the information and find out any thing.
But that is probably just me, this isn't the sort of 'investigation' I
usually embark on
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starfishred wrote on May 21, '10
It
is a publicly traded company then the share holders will ultimatly pay
the price--but who was the subcontractor who was responsible for the
pumping that is the question--
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