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Showing posts with label bp. Show all posts
Showing posts with label bp. Show all posts

Thursday, June 21, 2012

Al Qaeda Pakistan Sues SEAL Team Six for Hostile Work Environment and Wrongful Termination

SAN NARCISO, Calif. (Bennington Vale Evening Transcript) -- America used to be known as the international peacekeeper, but now seems to be emerging as the world's most beleaguered Human Resources department -- and nobody deals with HR unless they've got a hatchet to bury. Consider BP's recent filing of a legal motion against the White House to release over 21 emails related to cabinet-level discussions about the federal response to the Deepwater Horizon disaster two years ago. A court ruled against the request on June 11, stating that the government's deliberations did nothing to alter the fact that nearly a dozen people died while tons of oil saturated the Gulf due to BP's carelessness. BP countered that the government may have taken action before the oil spill had reached the legal limits warranting sanctions and regulatory intervention, and before the loss of employee life had crossed OSHA's implicit tolerance threshold for looking the other way. Congressional Republicans admitted that BP reasoned a much stronger case than the White House.

"Countries around the world are reshaping themselves into competing business entities and centers of commerce, not nation states. Geopolitical rules are being replaced with business procedures," said Len Waybill, head economist of the Peter Pinguid Society. This trend became more apparent Thursday when al Qaeda agencies in Pakistan filed a series of lawsuits alleging that U.S. workers, particularly employees of SEAL Team Six, had violated labor codes and created a hostile working environment that led to the wrongful termination of several executives.

Wednesday, April 20, 2011

On Anniversary of Deep Horizon Disaster, BP Creates Culinary Division to Sell Turtle Meat

CHALMETTE, La.-- BP took a $40.9 billion loss in 2010 related to the Deep Horizon oil spill, including $13.6 billion for the initial response. Share prices plummeted to multi-year lows over growing uncertainty regarding potential liabilities (estimated at more than $100 billion), which raised fears of bankruptcy. Now, add abysmal stock prices to the $20 billion escrow fund and BP’s clean up tab, and you begin to realize how quickly deep pockets run shallow. By the time the well was capped 87 days later, 206 million gallons of oil had gushed into the Gulf of Mexico.

It has become a daunting, if not impossible, task to try calculating the financial hardships BP may be facing in the foreseeable future. To further complicate matters, the State of Louisiana has filed its most extensive complaint yet against the parties involved in the rig explosion, which occurred one year ago today. With BP shares now trading at historic lows, the company must find other revenue sources if it hopes to remain in business. Analysts there say they have.

 
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