president obama
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For the past four months, a grandiose ecological problem exists in the waters located in the Gulf of Mexico. On April 20, 2010, the catastrophic Deepwater Horizon oil spill took place in the Gulf of Mexico. British Petroleum (BP) has claimed responsibility for this environmental disaster, but has blamed Transocean Ltd. and Halliburton for their hand in building the rig and the well casing exploding and causing the oil to leak out into the Gulf at an unfathomable estimate of 100,000 barrels a day. BP has a long history of committing transgressions against nature sanctuaries and paying dubious fines for their disregard of policies and regulations protecting these valuable commodities. Mother Jones Magazine named BP as one of the "ten worst corporations" in 2001 and 2005 based on its environmental and human rights records. According to Sharon Beder, 'bp: Beyond Petroleum?' in Battling Big Business: Countering greenwash, infiltration and other forms of corporate bullying, “In 1991, BP was cited as the most polluting company in the US based on EPA toxic release data. In July 2000, BP paid a $10 million fine to the EPA for its management of its US refineries.” According to PIRG research, “between January 1997 and March 1998, BP was responsible for 104 oil spills in the Arctic alone.” As recently as October 2007, four BP energy traders in Houston were charged with manipulating prices of propane and as a result they settled with the US government for a record breaking $303 million. How are they still in business?