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Ken Feinberg just might have the most difficult job out there. He has worked as mediator/administrator in the wake of tragedies and natural disasters such as 9/11, the shootings at Virginia Tech, Hurricane Katrina and the Holocaust slave labor litigation. He is currently serving as the administrator for the $20 billion BP oil spill claims [...]
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It appears that way. So you know how BP and various others have been trying to sell us on the idea that the gargantuan oil plume in the Gulf of Mexico had somehow magically disappeared? Well, now some Berkeley scientists have confirmed that this actually may be happening, but it isn’t magic. A newly discovered [...]
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Guess which company the blue line represents? Says CanOils Database (from which the image comes via press release): BP stands out with its spectacular $17 billion reported loss in the second quarter, and even if we look at its underlying performance by removing the effects of non-recurring items, growth in adjusted earnings was just 15% [...]
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In a likely move, investors are demanding improved disclosure of oil disaster response plans. In fact, 58 investors representing $2.5 trillion in assets came together recently to demand just that. The group penned a letter to G. Steven Farris, chairman and CEO of Apache, a company that recently purchased $7 billion of oil and gas [...]
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