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While BP is cheering that it has collected and burned 25,830 barrels of oil yesterday (only a quarter of the dialy total that is spewing into the Gulf of Mexico), BP has been commiting in a number of criminal acts. Please watch the interview yourself.
What I have been hearing from a lot of people is that no conservation agencies are allowed to go into the spill zone, nor are any of the fisherman or workers allowed to make any recordings. BP is trying to downplay this enormous environmental disaster, and Obama lets them come away with it.. The environmental impact will be not just in the Gulf of Mexico, but it will reach all over the Caribbean. The Gulf of Mexico and its mangroves, are a very important breeding ground for many pelagic fish and seamammals.
Can you only think how the US government would be treating the offender if BP were a natural person, instead of a legal person? It would have been put life long in prison — more likely, the death penalty..
This is video visualizes what 25,000 barrels of oil look like. If that looks like a lot of barrels to you, there might be 4 times as much oil gushing into the Gulf of Mexico PER DAY!!! Meanwhile it doesn’t look like BP is finding any solutions to stop the leak. Rumors about a hostile take over from Chinese oil companies grow stronger and Tony Hayward is counting his final days as the CEO of BP. They are now looking to raise 50 Billion USD, from asset sales, bonds and loans. While BP’s cost of capital is skyrocketing, the hurricane season is only about to start. Rising oil prices, rising seafood prices, unprecedented environmental losses on the Gulf of Mexico shorelines, vast areas of ocean turned into a toxic dessert, BP in financial distress, 1000s of people who lose their job.. All in all we have really no clue what the exact environmental impact of this disaster is going to be and we can only hope this thing will be over as soon as possible..

I find it amazing how executives are not held accountable for their wrongdoings, which clearly shows our current social system is failing us. Instead CEOs should be fully responsible for the actions of their companies. They are in the position and have the power to make positive change. In today’s system corporations function like derivative options: a limited downward and unlimited upward potential. They make other people pay the bill: an externality is the consequence of an economic activity that is experienced by unrelated third parties.
BP’s PR turns out to be even more disastrous than the oil spill (or is that even possible?). What are they thinking?
“It’s unbelievable and an embarrassment how incompetent they are,” Donald Trump referred to Tony Hayward and BP. I summed up some of BP’s most embarresing quotes:
April 29, the New York Times reported Hayward saying to other BP executives:
“What the hell did we do to deserve this?”
On May 14, the Guardian quoted Hayward saying:
“The Gulf of Mexico is a very big ocean. The amount of volume of oil and dispersant we are putting into it is tiny in relation to the total water volume.”
May 18, Hayward told Britian’s Sky News:
“I think the environmental impact of the disaster is likely to have been very, very modest.”
May 18 if the BP CEO was sleeping at night, Hayward said:
“Yeah, of course I am,”
June 2, 2010, Hayward talking to Reuters:
“There’s no one who wants this thing over more than I do, I’d like my life back”
June 17, Svanberg Chairman referring to victims in the Gulf:
“We care about the small people”
June 20, Hayward infuriates Gulf residents by yacht outing at the Isle of Wright.
Cocos 2010 from Howard Hall on Vimeo.
One of my favourite dive sites in the world, Howard Hall has made this beautiful video on his RED camera. Can’t wait to get underwater again..