The U.S. National Hurricane Center has warned that a weather system near Cuba, centered between islands of Acklins and Great Inagua, may move into the Gulf of Mexico this weekend, reports Bloomberg this morning. “I am still worried about how it will move the oil slick into the coastal areas of L... Read more...
BP CEO Tony Hayward is set for a massive 10.8 million pound ($16 million) payout if he chooses to step down, according to The Telegraph. The sum, to be paid out in 500,000 pound annual installments ($742,700) could end up being higher, according to experts at Hargreaves Landsdowne. This in... Read more...
White House Chief of Staff Rahm Emanuel is fond of saying, “You don’t ever want a crisis to go to waste; it’s an opportunity to do important things that you would otherwise avoid.” Well, the Obama Administration certainly has not let the British Petroleum (BP) Deepwater Horizon oil rig c... Read more...
Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster. Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated... Read more...