British Petroleum
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A pause on the offshore drilling proposal for around 18 months which affected the production
– BP has been blamed as the only cause for Mexico oil spill – Whitehouse
– Russian president, Dmitry Medvedev accused BP over the collapse of his plans for a share swap and Arctic exploration partnership deal with Rosneft.
– In the U.S, BP receive large subsidies and tax reductions. The non-oil industries are taxed ~ 18%, while the oil industry is taxed at ~ 11%
– World energy markets are becoming more volatile due to the threat of geopolitical instability.
Governments encouraging more sustainable forms of energy due to high CO2 emissions
BP oil spill – long-term negative effects on the areas tourism, seafood safety and more.
BP supported comprehensive air and water monitoring programmes from the outset after the spill
Efforts to protect the coastline and marine environments
Take action to limit greenhouse gas emissions
Leader in setting up a large scale alternative energy business.
Effective and reliable procedures for on-site segregation and management of waste;
An effective process for identifying and utilising opportunities for waste recovery and recycling
BP has paid a total of $7.3 billion for economic restoration
$500million scientific research programme directed at studying the potential environmental and public health impacts of the Deepwater Horizon incident
National Institutes of Health is conducting a multi-year study to look at the potential health effects from the oil spill in the Gulf region.
– BP is currently participating in an assessment of natural resource injuries in the Gulf of Mexico with federal and state trustees, for the benefit of the public
– Health problems (lose of the lives of 11 and around 10 taken seriously to hospital, dizziness, vomiting, nausea, headaches, and chest pains, from residents living along the coast as well
– exposing coastal populations to chemical poisoning
– Social responsibility towards climate change by buying a solar company