Archive for the ‘Tony Hayward’ Category
April 20th, 2010…remember where you were?
How long did it take for you to realize there was an ongoing serious problem? How many days had to go by before it occurred the problem was tremendous, huge and that oil, it was going to keep on coming…all the way into shore…all the way into the career of Tony Hayward, splattering it with hydrocarbons and goo…
I don’t know how long it took for Tony to figure any of this out, to really understand the size of the problem in the Gulf back then. This wasn’t Texas City where the various deaths were lamented and then the company moved on, paid a fine…whatever. The eleven dead on the Deepwater Horizon were the least of his problems…the oil, they couldn’t figure out a way to stop the oil…caps and tubes and caps again…
And that Tony, throughout those early months, he just kept talking to the press and putting his foot in it.
“Make things right.” (Now BP would have to back that up, or at least make it look that way in the commercials.)
“I want my life back.” (Oops, boy did he want those two seconds back.)
“I don’t feel that my job is on the line, but that might change.” (Ya think?)
And then he was fired, well kind of. More accurate would be to say he was demoted, large pay cut; he wouldn’t completely get his life back, but he’d get enough to make the mortgage payments and be comfortable…
Well, if you were losing sleep over this, be ready to again get a good night’s rest because Tony’s finally got his life back now…and then some!
“Former BP boss Tony Hayward is set to make £14million from his latest venture – despite presiding over a disaster that wiped £40billion off the oil firm’s share price. Mr Hayward is one of four backers, including financier Nat Rothschild, behind Vallares – a newly created firm that plans to run oil and gas assets around the world. Yesterday the company listed on the London stock market after raising £1.35billion…
…the deal will see Mr Hayward and Mr Rothschild – along with former Goldman Sachs banker Julian Metherell and financier Tom Daniel – make as much as £533million between them if they successfully acquire £8billion of assets.”
Hey Mr. Dudley, how much did you make last year?
Or more importantly, the people along the Gulf, all those dealing with the GCCF and Ken Feinberg in the claims process…with the quick claims, the final and interim claims…how much did you make? How many of you lost jobs, houses, cars, savings? How many of you are suffering from mental health issues, from physical issues?
Well, hopefully this news will lighten your burden, put that skip back in your step and give you one less thing to be worried or depressed about. Yes, everyone can get back to business as usual because Tony Hayward’s doing just fine, better than fine actually…he’s got so much of his life back now, he just bought three more.
Read the article:
Have a nice day.
British Petroleum released their new Sustainability Report where they went to great lengths to discuss the lessons they learned last summer, and how BP’s Bob Dudley is now all about responsibility. Bob feels it is up to them to “earn back the trust” of all involved and dad-gummit, they’re gonna do it!
In their report, they discuss how BP:
“From the beginning…worked to fight the spill and minimize its impact on the environment,” and how, “These efforts helped to reduce the amount of oil that reached the shore and environmentally sensitive marsh areas.”
Course, what’s missing from the report is any mention of how much oil was released, or any real assessment of how much damage was actually done to the environment or the people who reside on the Gulf Coast.
Umm, not so nice.
Yes, British Petroleum details all the spills they’ve suffered, the volume of oil unleashed, worker fatalities and injuries between the years 2006-2010, all except the oil spilled when the Deepwater Horizon exploded. Those quantities are missing, simply because British Petroleum feels it’s best not to admit to any numbers “due to (their) reluctance to report data that has such a high degree of uncertainty.”
Uncertainty…yes, from The Lookout:
“In the past year, scores of scientists from across the world have poured over data and reviewed video footage of the flow of oil spewing from BP’s busted well on the floor of the Gulf. And by consulting such sources, researchers have offered their own estimates of how much oil entered the Gulf at BP’s behest. What’s more, a vast range of experts who’d been following the spill closely agreed that the U.S. government’s final estimate that BP had released roughly 4.9 million barrels into the Gulf seemed reasonably accurate. BP officials, of course, cried foul and challenged the numbers, just as they did from the first day of the spill onward—they insisted on their own preferred figure of 5,000 barrels per day, which of course made the damage of the spill, and the corporate liability arising from it, seem minimal. Such low-end estimates were conceived, in the words of Fast Company, to “greenwash” the scale of the spill’s impact.”
And perhaps all that uncertainty might explain why Tony Hayward will receive, upon stockholder approval at their April 14th meeting, a stock bonus worth 8 million pounds. You see, he actually did a heckuva job, increased profits, and to beleive the sustainability report, did not preside over the worst oil spill in United States history, leaving his job in disgrace. Word is, however, stockholders aren’t buying it, they’ve seen the press and they know, they know something happened in the Gulf of Mexico, course that was such a long time ago and nobody really reports about it anymore…but still, something happened, right? Stockholders are being urged to vote down the bonus.
But, back to the sustainability report, so why might British Petroleum drop the volume of oil spilled from their report?
Same reason British Petroleum does anything, anything at all.
From a footnote in the report:
“Although there are several third-party estimates of the flow rate of total volume of oil spilled from the Deepwater Horizon incident, we believe that no accurate determination can be made or reported until further information is collected and the analysis, such as the condition of the blowout preventer is completed.”
In other words…BP is unwilling to confirm any of said estimates because they are disputing the numbers, which more than likely has a lot to do with a certain $1100 per barrel fine BP will have to pay under the Clean Water Act.
And since, as mentioned, such estimates are so unreliable, better to just leave it out of their Sustainability Report altogether. How’s that for Dudley’s responsibility, for endearing trust with “actions, not words.”
Really, not so nice…
My guess is Tony Hayward hopes BP continues to fight on, deny, deny, deny…after all, not only the company, but Tony himself has got a lot of money riding on BP’s newest version of “responsibility.”
Have a nice day.
Remember these old hits?
Tony Hayward says he “wants his life back?”
Or how about that now infamous slogan of British Petroleum’s concerning all things oil spill, that pledge to”make things right.”
Well, as someone who blogs about these subjects, these two statements gave me a lot of mileage. They were tailor-made, a way to give a verbal “screw-you” to the whole damn company every time they inevitably did anything but make things right, or when I mentioned how Gulf Coast residents are far more entitled to get their life back, way more than some narcissist with an inability to shut up like Mr. Hayward.
But, you know…those slogans were getting a little old, a little tired, kind of hard to keep using them in different ways oh-so-many months later, and just when I was starting to get really nervous about what I was going to do as a blogger…well, Bob Dudley goes to the CERA conference and in his apology to his fellow oil and gas industry executives, he spoke of having to regain not only their trust, but the trust of the politicians and the Gulf Coast residents themselves.
And then, Bob uttered the newest catchphrase…saying that British Petroleum gets it, and in order to regain the trust of all, this will require: “Actions, not words.”
Actions, not words…
I couldn’t agree more.
So okay…Bob…if British Petroleum is about actions to regain trust of the Gulf Coast and not just words, then why is British Petroleum reneging on yet another promise?
From the Alabama Press-register: Time for BP to ‘take responsibility’ for VOO damages
Turns out that all those boats Bob’s company hired to help cleanup the oil as part of the “Vessels of Opportunity” program are not getting the promised repairs. BP initially told everyone if there were any damages, they’d pay to fix things up, but just like hundreds of thousands of people who have been denied by Feinberg’s GCCF, captains in the Orange Beach area of Alabama are now getting their repair claims denied by BP.
Way to regain trust, moron.
“These boat captains — experts on local waters — were willing and ready to work for BP during the worst days of the oil spill, deploying boom, skimming oil and patrolling for oil sheens and slicks. Despite complaints that local people weren’t always getting first chance at the jobs, the idea of employing the people who were kept from their business of fishing and tourism was sound…(Now) the busiest time of the year for boat owners and captains is again approaching. They need to be out on the water…They made agreements with BP to do a job, and part of those agreements included reimbursements for damages. Instead of living up to its end of the deal, BP seems willing to risk more bad publicity and the possibility that frustrated captains will hire attorneys and file lawsuits.”
“Actions, not words…”
Damn Bob, it’s like when you guys at BP speak, you’re living in this strange self-created reality where you are good, kind, responsible people who care, where the Gulf of Mexico is fine. I understand that in your boardrooms and bedrooms, people automatically take your words as the gospel truth,or at least tell you they do…but out here in the real world, things are a little different. Out here, Bob, most people recognize you for the shameless shyster you are, at the helm of a company who reneges on deals, destroys the environment and is at minimum, partly culpable in the deaths of eleven people in the Gulf.
But, it would seem to you that’s neither here nor there.
“Actions, not words…”
So, I mean, thanks for the new catchphrase…I like it, I think it might be you’re biggest hit yet and I’ll probably hang onto it for awhile…but really Bob, don’t think people don’t realize your slogans are as hollow as your apologies, your integrity and your promises.
People simply aren’t that stupid.
Have a nice day.
The Associated Press reports British Petroleum will survive the oil spill in the Gulf of Mexico:
Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly estimated, according to an Associated Press analysis. But they’ll be far below the highest estimates made over the summer by legal experts and prominent Wall Street banks, such as Goldman Sachs, which said costs could near $200 billion.
Among the reasons given why British Petroleum will be able to survive is the company has little debt, its global business operations are forecast to earn $26 billion next year, the environmental impact isn’t as bad as once thought and the government would appear unlikely to ban BP from future offshore drilling in the Gulf. And whereas that is certainly good news for the company and its investors, the news for residents of the Gulf Coast isn’t so good…since the oil spill, residents have much more debt with homes sliding into foreclosure. Businesses in the region aren’t generating income with many going bankrupt. Whereas the Associated Press can claim the environmental impact isn’t as severe as it could have been, to all the dead wildlife, the fisherman nervous about eating their own catch, the continued effects of the oil in the water and health effects from dispersant and crude exposure its plenty bad enough, and while the fishing waters have reopened, many are skeptical about Gulf Coast seafood and government and independent scientists continue to battle it out over whether the seafood is safe.
In an interview on Gosztola Blog with Elizabeth Cook, a Gulf Coast resident and lead organizer of a group called Stop the Gulf Oil Disaster, she states that the long-term implications of the emotional, cultural and financial devastation wrought upon the region are that many Gulf Coast residents are considering whether they should leave the region. She cites the many conspiracy theories that abound, from continued spraying of Corexit to government downplaying the amount of oil still washing up on the beaches.
And in a recent article in the New Orleans Times-Picayune, stories abound to display the hardship in the Gulf:
– Daniel Lee, a representative of Boat People SOS states, “I have seen people picking up aluminum cans to supplement their incomes…people have sold their furniture, their TVs, so they can buy food and pay their bills and feed their children. People came out in hundreds waiting in line for the food drive which we organized with the Bay Area Food Bank.”
– Maryal Mewherter, a spokeswoman for Bayou Interfaith Community Organizing, said indigenous people like the Houma Nation members “were left with an uncertainty about being able to return to work, sell their catch or being able to eat any of the seafood from the Gulf of Mexico.”
– In regards to tourism, Keith Overton, chairmen of the board of the Florida Restaurant and Lodging Association, speaks of the uncertainty overwhelming his industry, “We don’t know how long it’s going to take to restore confidence in people that the Gulf of Mexico is safe.”
– From Louis Skrmetta, owner of a ferry business in Mississippi: “They continue to find oil every day on the barrier islands,” Skrmetta said, and he said that does not bode well for the future of tourism.
But relax everyone because British Petroleum is going to be okay.
Their stock price has risen 63 percent from its post disaster low in June and the investors are returning, confident in its continued climb. Blackrock Investment Management, Managed Account Advisors and Rydex Security Global Investors have more than doubled their holdings in BP stock since this past July and with BP’s assets sales and a predicted return from Feinberg’s managed $20 billion dollar escrow fund…things are looking good and they plan to begin issuing stock dividends again next year.
So again, British Petroleum is going to be just swell…
Tony Hayward got his life back and Bob Dudley is the toast of BP. Wall Street investors have again become comfortable and the national press has gone away so what America don’t know, can’t hurt them and the importance of that cannot be stressed enough.
After all, ecosystems and people come and go, but big business is forever.
Have a nice day.
Yeah, he said it, not kidding, while giving a speech to students at the Cambridge University Society and several explanations immediately come to mind:
1. He and Jane Lubchenco of the NOAA are still spending way too much time together.
2. He figured that if doing a tour can work for GW Bush, why not him?
3. The American press isn’t paying attention anymore so now he can really say whatever he wants.
4. He’s got this job in a Russian narco-state and if he needs to disappear, he’s got some new friends to help make that happen.
5. He’s an out of touch narcissist making a desperate attempt to convince himself that really, he’s an all right bloke, and all he has to do is say the oil is gone enough times so that not only will he eventually believe it, but due to his importance in world affairs and events (the focal point don’t ya know) the world will believe it too, after all, he’s Tony Bloody Hayward and don’t you forget it!
Check it out:
Have a nice day.