News Tagged ‘Tony Hayward

BP plans big U.S. expansion, wants public trust back

bpstat 100x100 BP plans big U.S. expansion, wants public trust backPriding itself on “making things right” in of Mexico and coastal communities hard-hit the Deepwater Horizon oil spill, BP says it has big plans for expanding its operations in the United States. The announcement wasn’t supposed to comfort residents and businesses still struggling to recover in the BP spill’s oily aftermath, but to reassure investors that it doesn’t intend to hold back on its push to find and extract more oil and gas from U.S. lands and waters, despite the ongoing destruction of ecosystems and frustration of people who depend on them for a living.

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BP managers could face manslaughter charges for Deepwater Horizon deaths

BP managers responsible for decisions governing the Deepwater Horizon platform’s operations may face manslaughter charges for the deaths of 11 workers who were killed when the rig exploded last April 20, according to a Bloomberg report. The federal investigation also stretches to the top of BP’s hierarchy as it seeks to determine whether former BP CEO Tony Hayward withheld information, stonewalled investigators, or made statements contrary to his knowledge in his testimony before Congress during hearings last year.

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Oil spill turns BP’s major gains to record losses for BP

While other oil companies are posting enormous second-quarter profits, BP has reported its largest ever loss of $17 billion due to costs stemming from cleanup and containment of the giant oil spill in the of Mexico and other related .

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BP says CEO Tony Hayward to step down Oct. 1

T Hayward 100x100 BP says CEO Tony Hayward to step down Oct. 1BP officially announced today the resignation of its beleaguered CEO Tony Hayward effective October 1. Mr. Hayward will be replaced with BP executive and Mississippi native Robert Dudley.

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It’s official: Hayward is out as head of BP oil with no ‘golden parachute’

Yesterday rumors were running high that Tony Hayward, CEO of BP Plc, the oil giant responsible for the massive disaster in the of Mexico, would be ousted from the top spot at the company. The Board of Directors met in London yesterday and today confirmed the reports that Hayward will step down from the role effective October 1. He will be succeeded by BP Executive Director Robert Dudley, who replaced Hayward as the official company spokesperson after Hayward made a series of gaffes in speaking to the public about the oil spill disaster.

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Word from inside: Hayward to leave BP by October

CBS News is reporting that an official from inside BP‘s headquarters says the company’s current CEO Tony Hayward will leave that position in October. According to the news agency’s source, Hayward will be moved into a position with TNK-BP, the company’s Russian operation. Rumors that Hayward would leave the leadership role at the oil company responsible for the massive oil leak in the of Mexico have been swirling for weeks. BP’s Board of Directors is meeting in London, at which time the decision is expected to be officially announced.

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New Orleans musician to BP: “Sorry Ain’t Enough No More”

birds fly past oil boom SQUARE 100x100 New Orleans musician to BP: Sorry Aint Enough No MoreTo whom it may concern, come here, first things first.
Tell me, how much is this dead pelican worth?
How does it feel to have a man’s blood on your shirt?
To single-handedly put a whole industry out of work?

Those are some of the lyrics to Shamarr Allen’s song, “Sorry Ain’t Enough No More,” a rap-blues-jazz musical response to the BP oil spill that is ravaging the Coast that borders the state he calls home. The New Orleans trumpet payer begins the song speaking about the “tragedy that never should have happened,” and ends with a simple, “Think, people.”

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BP agrees to establish $20 billion fund to aid Gulf Coast residents

After a remarkable four-hour meeting between the White House Administration and BP’s top executives, the oil giant has agreed to create a $20 billion fund to pay damage filed by thousands of fishermen and others economically harmed by the oil slick washing up on the shores of four states.

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Joe Scarborough on Morning Joe: Send in the trial lawyers

Joe Scarborough doesn’t mince words on the MSNBC news commentary show Morning Joe. The former Republican Congressman from Florida was raised along the Coast, and he is outraged at how BP has been handling the oil spill. He calls it “corporate malfeasance,” a tangle of deceptive and fraudulent activities carried out by corporate officers. “Justice will be done,” he outraged on Wednesday’s show.

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BP’s top kill fails to stop oil, company prepares risky attempt

bp oil leak 100x100 BPs top kill fails to stop oil, company prepares risky attemptBP’s latest efforts to plug the Deepwater Horizon oil well have failed again, and the growing oil slick that CEO Tony Hayward earlier called a “tiny” bit of oil in the “vast ocean” is now by his own admission an “environmental catastrophe.”

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