wrdforwrd

green and sustainable business

Posts Tagged ‘Big Oil

BP, Halliburton Ready to Rumble

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A pox on both their houses. Legal battles surrounding the Deepwater Horizon 2010 drilling disaster will be just as messy—and way lengthier—than the spill incident itself.

The latest shots in what bids to be a never-ending exercise in passing the buck and liability were fired last month when oil giant BP went to court in New Orleans claiming that the U.S. contractor Halliburton (you know – Iran, Dick Cheney? That Halliburton) botched the cement work on the doomed oil rig. Read the rest of this entry »

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January 20, 2012 at 11:02 am

No Concessions from Chevron on Ecuador or Anywhere Else

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Among the developments  at Chevron’s recent raucous annual shareholder meeting was the oil company’s stubborn refusal to settle an $18 billion lawsuit over oil pollution in Ecuador.

Chevron is on trial in Ecuador for widespread contamination of Amazonian land and water resources in the 1970s by Texaco, which Chevron purchased in 2001. Plaintiffs suing Chevron are challenging the adequacy of a remediation effort that Texaco completed in 1998. A court-appointed expert in the Ecuadorian litigation has recommended that Chevron be held liable for up to $27.3 billion in damages. In February, an Ecuadoran judge fined the San Ramon oil major $9.5 billion over oil-field contamination in a portion of the Amazon rain forest where Texaco used to drill, working as a partner with the government-run Petroecuador. The fine could increase to $18 billion. Read the rest of this entry »

Chevron, the socially responsible oil company?

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When you’re a member of the Big Oil club, bragging about your CSR accomplishments and good citizenship rings more than hollow, it is tone deaf and lame from an environmental and climate change perspective and considering the commodity involved.

Chevron forged ahead anyway with its 2010 Corporate Responsibility Report, released this month. It makes these points: The company achieved the safest year in its history; it has reduced total energy consumption by 33 percent since 1992; spent $2 billion with small U.S. businesses and “increased social investment” in communities around the world to $197 million. Yippee-skippee. Read the rest of this entry »

Written by wrdforwrd

May 17, 2011 at 2:00 am

Have a sustainable, renewable New Year

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This is the time of year when writers, journalists, bloggers or whatever we scribblers have become in an age where communication and connection occurs mostly in 140-word snippets or less take a look back and ahead. Top Ten lists abound; crystal ball thumb-sucking dots the landscape and cyberspace.

I’ll leave that listing and prediction stuff (mostly) to the experts, or at least to those who have managed to stay gainfully and reliably employed over the last 12 months. They must have greater insight, or skills or something.

I do have some observations, for what they are worth:

- The usual word to describe the recovery is fragile but I prefer chimerical. Corporate profits are rebounding, Wall Street’s escape act was hugely successful and Republicans proved once again that America’s short-term memory disorder is firmly entrenched and that lies, inaccuracies, misrepresentations, denials, polarization and fear-mongering is a winning strategy. Well, winning for them – for many the economic recovery is mostly non-existent: unemployment hovers stubbornly around 10 percent; wages continue their decline; the housing market remains in the toilet; energy costs are increasing; the stranglehold of Big Oil and Big Coal continues unabated.

- Whatever the emerging ‘new normal’ is, it’s not much fun – it’s really pretty raw, stressful and uncertain.

- On a personal note: Freelancing should never be construed as working for free! OK? Are we clear?

- Environmentally-speaking, when electric vehicles hit the market in a major and consumer-friendly way—and one, the Chevy Volt, wins Motor Trend’s Car of the Year Award—that is stunning and hopeful progress.

- Environmentally-speaking, when a disaster like the Deepwater Horizon occurs and little to nothing occurs to change our dependence on fossil fuel, or regulation of Big Oil, that is stunning and disturbing progress of an entirely different sort.

So ‘here’s to the new boss, same as the old boss.’

Here’s to the New Year, same as the Old Year.

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