"bp"

BP Suspension: What’s Behind Door Number Two? →

Now that oil company BP has been suspended from federal contracting, who is going to step into the breach and become the Pentagon’s top fuel supplier? More importantly, how much more ethical and responsible will BP’s replacement be? Read more on the POGO blog.

After paying largest criminal fine ever, BP will still receive federal contracts →

Despite paying $4.5 billion, including a record $1.26 billion criminal fine, BP will not be prohibited from receiving future government contracts because it is too big to debar. Federal contractors of a certain size get a pass on fraudulent or even criminal actions because the government relies so heavily on their services. Read more at Bloomberg Businessweek.

BP back from political exile, giving big in 2012

"Between March and August, BP’s PAC made more than $50,000 in federal-level campaign contributions, ranking it among the cycle’s more generous donors."

Read the rest of the story over at Politico

Image from duncandavidson

ThinkProgress » As Gulf Coast Suffers, BP Profits Increase To $7.1 Billion →

BP PLC posted a 17 percent increase in net profit for the first quarter as higher oil prices helped to offset continued costs stemming from the Deepwater Horizon oil-spill disaster last year. The U.K.-based energy giant said Wednesday net profit for the quarter was $7.12 billion, compared with $6.08 billion a year earlier. Total revenue for the quarter rose 18.7% to $88.31 billion from $74.42 billion.

BP Goes on Suing Spree, Spends $2 Million on Lobbying →

theatlantic:

If you thought the fist-shaking over BP’s lack of progress in cleaning up the Gulf was over yesterday, you’re wrong. The anniversary of the spill, the once-again-profitable oil company also happened to be the deadline to report spending on lobbying. The $2-million spent places BP’s spending on track to top last year’s total of $7.4 million, but it’s working. BP achieved their top priority to convince Obama to lift to moratorium on offshore drilling. Further lobbying efforts include advocating Congressional Republicans’ a controversial bill to speed up the drilling permit process and appealing to various governmental agencies to limit BP’s contribution to the cleanup effort.

Read more at The Atlantic Wire

Emails expose BP's attempts to control research into impact of Gulf oil spill →

socialisimo:

BP officials tried to take control of a $500m fund pledged by the oilcompany for independent research into the consequences of the Gulf of Mexico oil disaster, it has emerged.

Documents obtained under the Freedom of Information Act show BP officials openly discussing how to influence the work of scientists supported by the fund, which was created by the oil company in May last year.

Russell Putt, a BP environmental expert, wrote in an email to colleagueson 24 June 2010: “Can we ‘direct’ GRI [Gulf of Mexico Research Initiative] funding to a specific study (as we now see the governor’s offices trying to do)? What influence do we have over the vessels/equipment driving the studies vs the questions?”.

(via silas216)