kalamazoo river oil spill
The American picked to lead oil giant BP pledged Tuesday — the same day workers in Michigan and Louisiana fought two other but much smaller spills — that his company will remain committed to the oil-washed Gulf of Mexico even after the busted well is sealed.
Robert Dudley will become BP’s first non-British chief executive, the company said as it reported a record quarterly $17 billion loss, and set aside $32.2 billion to cover costs from the spill for which it says it will claim a $9.9 billion taxation credit.
Asked in a conference call Tuesday about whether the company has discussed the tax credit with the Obama administration, outgoing BP Chief Executive Tony Hayward said, “We have followed the IRS regulations as they’re currently written.”
BP also announced it would sell $30 billion in assets to help pay costs related to the spill.
Hayward will step down as chief executive on Oct. 1, BP said. The London-based company seeks to reassure both the public and investors that it is learning lessons from the April 20 oil rig explosion that killed 11 workers and set off the worst offshore spill in U.S. history.
Dudley, BP’s managing director, was brought in to oversee the spill response after Hayward’s series of ill-timed moves, including saying that he would like his life back and attending a yacht race off the coast of England as Gulf residents struggled to cope with the spi Enbridge, I should mention, is proposing a new tar sands pipeline to bring Canadian tar to Asian refineries. Because we need more pipelines and tankers… Thankfully the Enbridge pipeline is facing massive opposition.
So that makes 4 major oil spills
