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Saturday, July 10, 2010

BP's Deepwater Horizon Disaster; Mitigating Annihilation


While BP has put forth great effort in securing tax benefits acquired from leasing rigs like the sunken Deepwater Horizon, it has also saved money by choosing not to pursue better cleanup methods and technologies. We live in a corporate world where profit is god. Profit rules. Showing a profit on the next quarterly earnings statement is everything. This is how a multi-billion dollar oil giant like BP (yes, we can include the others as well - Exxon/Mobile, ConocoPhillips, Royal Dutch Shell, Chevron, Total S.A.) spends vast troughs of money on developing the latest oil exploration and drilling technologies. But when it comes to cleaning up their toxic mess when disaster strikes, every expense is spared.

Many people across varying industries working in the so-called cleanup effort understand that laying out boom to contain oil is largely an act designed primarily to impress politicians and uninformed media. The so-called cleanup work BP is engaged in on the soiled Gulf Coast has been shoddy, at best, including allegations that BP has been dumping sand atop oil on beaches to cover it up. Controlled oil burns in the Gulf are also, needless to say, coming under criticism for their devastating impact on the environment, in addition to negatively impacting the human health of residents on Louisiana's coast.'

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