I have been lucky. Having the opportunity to do something like this is fantastic. It is fair to say I wanted to recover some of my self-esteem.Tony Hayward, former CEO of BP • In a New York Times profile, examining the daily life of the former BP executive, just over two years after he famously lamented his loss of life. Hayward now finds himself at the helm of Genel Energy, a drastically smaller oil company (currently worth about $3 billion on London’s stock market), and he hopes to redeem his image globally. source (via • follow)
» “I’ve never seen a spill this small with this size of reaction.” That’s what Ali Moshiri, the Chevron executive in charge of the company’s Latin American operations, said in reaction to the November spill, which took place on the Frade oil field. Brazil, which has toughened up its regulatory standards partly because of environmental disasters like the 2010 oil spill in the Gulf of Mexico, did not take those comments kindly; a court on Friday took away the passports of the 17 employees, as the country plans to file criminal charges against the employees of Chevron and Transocean. (A new leak on the Frade was found Friday, too.) You get the feeling that the U.S. didn’t try enough after hearing what Brazil just did.
» But are the fines enough to teach BP a lesson? Some say no, including shrimp producer Dean Blanchard, who told The Guardian, “I want my day in court. If they can get off with just paying the money — well, they’ve got plenty of money, they are not really going to learn a lesson.” In addition to the settlement, BP announced that it would use the remainder of the $20 billion compensation fund it raised during the summer of 2010 to settle additional complaints from residents and businesses in the region. In a statement released late Friday night, BP chief executive Bob Dudley said, “the proposed settlement represents significant progress toward resolving issues from the Deepwater Horizon accident and contributing further to economic and environmental restoration efforts along the Gulf Coast.”