Daily Archives: May 19, 2010

Carola Hoyos

An email by Tony Hayward, BP’s chief executive, to the company’s employees offers a glimpse of the internal turmoil the oil spill in the US Gulf of Mexico has caused at the company.

Perhaps the most telling part was that Mr Hayward felt he needed to reassure his staff members that their jobs and pensions were safe and that the $142bn company could afford the massive response it has launched in the wake of the Deepwater Horizon explosion.

- Gulf oil spill: Noone knows how much oil is leaking or where it will head

- Gulf Oil Is in the Loop Current, Experts Say

- Florida tar balls not BP’s

- How responsible is the US government for Gulf oil spill?

- Deepwater rigs pass inspections notes lobby group blog

- Tough US measures needed to beat climate change: experts

- Tar balls found off Key West, as spill shows signs of spreading

- BP Safety violations: OSHA says company has ‘systemic safety problem’

 - Solar Sail Hybrid Launches Today From Japan

- Charge your iPhone with solar power

- 2010: Warmest year on record

- Caution urged over laser nuclear licensing - FT

- China set to be Qatar’s top gas buyer – FT

- Macarthur rejects Peabody’s A$3.8bn takeover – FT

- Low oil prices fail to cheer airline sector – FT

- Change of plan: red gums get protection this year – ABC

- Farmers protest against coal seam gas exploration - ABC

- Unions back US climate bill, traders warn of risks – Argus

Sheila McNulty

In 1989, the Exxon Valdez oil tanker ran aground in Alaska’s Prince William Sound, spilling at least 11m gallons of oil across 3,000 square miles into the crystal blue waters – overwhelming wildlife that some say has yet to fully recover more than 20 years later. Even though the spill was then the 30th biggest worldwide, it was the largest in the US and happened in what the national Environmental Protection Agency called “one of the most pristine and magnificent natural areas in the country.”

Images of oil-encased otters and birds were forever stamped on the American psyche. But they were images the public had come in recent years to associate with the past – so much so that President Barack Obama had proposed opening new offshore areas to the industry.

So far, the damage created by BP’s spill in the Gulf of Mexico appears to have been relatively modest, with the principal impact being on the fishing industry, which has been banned from an area covering 72,000 square km.

However, the incident has made many fear a repeat of the environmental disaster created by the Exxon Valdez.

Energy Source is no longer updated but it remains open as an archive.

Insight into the financial, economic and policy aspects of energy and the environment.

Read our farewell note

About the blog

Archive

« Apr Jun »May 2010
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31