While talk has died down on BP's (NYSE:BP) massive use of Corexit, and the company deliberately ignoring the EPA's orders to find a different dispersant. A whistle blower will be testifying in front of a Senate investigative panel this week. He is expected to reveal the full extent of BP's cover up and prove what many have suspected all along.
Fred McCallister will be testifying on Thursday of this week. He will be telling of BP's deliberate sinking of oil through the extensive use of the toxic dispersant Corexit. The purpose, to hide the amount of the oil spilled before it can be collected to prevent the fines that BP would incur.
McCallister's statements will include answers to why BP has continually refused help from foreign skimmers. He said that the company feared that the skimmers would have the capability to give the actual count of gallons collected. That information turned over to the U.S. Government, having the information on spill rate financial penalties, would cause BP to receive the accurate fines according to the oil spilled.
"BP is in control of this situation and they are doing what's in the best interests of BP and their shareholders," said McCallister.
Showing posts with label Whistle Blower. Show all posts
Showing posts with label Whistle Blower. Show all posts
Tuesday, August 3, 2010
Friday, June 11, 2010
The BP (NYSE:BP) Whistle Blower
It is being proven by a whistle blower that BP's (NYSE:BP) corruption goes deep and for many years. A former BP executive, Rick Lacey said that he's watched the oil company for years put profits everything ahead of everything else.
Lacey started his tell all novel in 2002 while still employed at BP as a financial analyst and accountant for almost eight years. His novel is titled "Involuntary Separation: Corporate Downsizing Gone Fatally Wrong." He isn't surprised at all at the massive oil spill and details the numerous missteps and shortcuts that BP took.
After helping BP lay off thousands of employees, he quit in 1988. One of BP's strategies was to contract to other smaller companies to decrease their liability in case of oil rig explosions and other potential accidents. "Prior to downsizing, BP drilled for its own oil," said Lacey. "So they would've been running the entire operation themselves and they would be responsible for the safety and liability for the spill."
That way BP could shift the blame to these other companies, even if they were to small to be able to pay for the oil cleanup and would have to file bankruptcy, he said. "If it was a smaller spill, they'd let the drillers go bankrupt." He said the only reason they're paying for this spill is because of the huge amount of public outrage BP would get if they did not.
We saw the scenario at the congressional hearings where each company was pointing their finger at the other, even President Obama was outraged at the companies lack of responsibilities.
Lacey started his tell all novel in 2002 while still employed at BP as a financial analyst and accountant for almost eight years. His novel is titled "Involuntary Separation: Corporate Downsizing Gone Fatally Wrong." He isn't surprised at all at the massive oil spill and details the numerous missteps and shortcuts that BP took.
After helping BP lay off thousands of employees, he quit in 1988. One of BP's strategies was to contract to other smaller companies to decrease their liability in case of oil rig explosions and other potential accidents. "Prior to downsizing, BP drilled for its own oil," said Lacey. "So they would've been running the entire operation themselves and they would be responsible for the safety and liability for the spill."
That way BP could shift the blame to these other companies, even if they were to small to be able to pay for the oil cleanup and would have to file bankruptcy, he said. "If it was a smaller spill, they'd let the drillers go bankrupt." He said the only reason they're paying for this spill is because of the huge amount of public outrage BP would get if they did not.
We saw the scenario at the congressional hearings where each company was pointing their finger at the other, even President Obama was outraged at the companies lack of responsibilities.
Subscribe to:
Posts (Atom)