The Magazine of Corporate Responsibility

Tag Archive for ‘BP’

Books: ‘The Evolution of a Corporate Idealist: When Girl Meets Oil’

Christine Bader’s new book – “The Evolution of a Corporate Idealist: When Girl Meets Oil” – chronicles her work for oil giant BP, managing the community impacts of big projects in the developing world, and her later role as an advisor to a United Nations initiative on human rights abuses linked to business. Her hope, she says in an interview, is that someday corporate idealism “doesn’t seem like the oxymoron that it does to so many people today.”

The Gulf of Mexico Three Years After BP Oil Spill

According to BP, which has already spent $14 billion on clean-up and restoration, the Gulf is returning to baseline conditions prior to the disaster. “No company has done more, faster to respond to an industrial accident than BP did in response to the Deepwater Horizon accident in 2010,” reports the company. But not everybody sees the situation that way. Many environmentalists are concerned that, while BP has done a thorough job removing visible oil from the water column and surface, little has been done to repair damage to marine life and ecosystems.

Anthony Weiner: Challenges on the Road to Reputational Redemption

The former Congressman, who resigned two years ago in a sexual social media scandal, disclosed this week that he’s thinking of entering the race to become the next mayor of New York City. Columnist Gael O’Brien looks at what some other leaders have done to rehabilitate their reputations after scandal and analyzes the challenges involved in regaining trust.

BP Agrees to Plead Guilty to Crimes in Gulf Oil Spill

BP agreed to plead guilty to charges of manslaughter, environmental crimes, and lying to Congress in connection with the 2010 Deepwater Horizon drilling rig explosion, which killed 11 workers and sent as much as 200 million gallons of oil into the Gulf of Mexico.

The Gulf of Mexico Two Years after the BP Disaster

EarthTalk® E – The Environmental Magazine Dear EarthTalk: I’ve seen a lot of warm and fuzzy TV ads, some sponsored by BP Oil, urging me to vacation in the Gulf of Mexico. But are things really “back to normal?”    — Paul Shea, Dublin, OH The Gulf of Mexico may be open for business and eager […]

Feds File First Criminal Charges Related to BP Gulf Spill

Two years after oil from a BP well began gushing into the Gulf of Mexico, the U.S. Department of Justice has filed criminal charges alleging that a former BP employee destroyed critical evidence in the early days of the unfolding disaster.

Opinion: A Punishment BP Can’t Pay Off

Two years after a series of gambles and ill-advised decisions on a BP drilling project led to the largest accidental oil spill in United States history and the death of 11 workers on the Deepwater Horizon oil rig, no one has been held accountable.

Big Oil Revenue Equals More Than 10% of U.S. GDP

A 2012 Congressional Research Service report, “Financial Performance of the Major Oil Companies, 2007-2011”(PDF), analyzes the business results of the five biggest firms operating in the U.S. market: ExxonMobil, Chevron, BP, Royal Dutch Shell and ConocoPhillips. The report notes that their combined revenues in 2011 were equivalent to more than 10% of U.S. gross domestic product.

In-touch Boards: Reaching Out to the Value Critical Stakeholders

Corporate governance expert Paul Strebel says the repeated failure of boards to intervene early enough to avert corporate disasters reflects a serious problem in the boardroom that cannot simply be swept under the carpet: boards are out of touch often with those who can make or break a company.

Extractive Industries Confront Pressure for Transparency

Transparency – the effective provision of credible information to stakeholders in a way that improves decision-making and increases legitimacy and trust – is a rapidly growing requirement for international corporations, particularly those in mining, oil and gas, also known as the extractive industries.