Update in News Today.
The implications of coming clean can be dire, PR machines softening the real extent of what may have been released into the sea.

If you really want to sse what can go on look in on the websiter listed above or cut and paste
: http://www.texascityexplosion.com
over 7 million documents proving neglect, lack of maintainance !!!

Sad really BP DO have some of the best procedures in the Oil & Gas sector, unfortunatly even they admit to failing to follow 27 of them re texas city, but this is were the regulator comes in, /they were only prosecuted for a air pollution violation for this tragic totally avoidable event.

BP bosses face mismanagement suit
A BP shareholder in Alaska is suing the corporation’s chairman and board members, claiming that their alleged mismanagement led not only to the disastrous Deepwater Horizon rig explosion and spill but to devaluation of BP shares.
News wires 21 May 2010 03:48 GMT
The lawsuit, filed in Alaska Superior Court in Anchorage by local attorney Jeff Pickett, accuses BP chief executive Tony Hayward and the corporation’s board of “breaches of fiduciary duties and gross mismanagement,” resulting in “improper, reckless and illegal health, safety and environmental practices at the Company.”

The lawsuit seeks undetermined compensatory and punitive damages, plus appointment of an independent corporate monitor to oversee safety and environmental compliance at BP, according to a Reuters report.

The complaint was similar to an earlier action filed four years ago in state court by Pickett and two labor groups that had invested in BP.

Plaintiffs in that 2006 lawsuit included the UNITE HERE National Retirement Fund, owned by a union representing mostly hospitality-industry workers, and the London Pension Fund, owned by public-sector employees in the city of London.

That 2006 lawsuit charged the then-chief executive Lord John Browne and other BP leaders of negligence in their management of pipelines at the Prudhoe Bay oil field on Alaska’s North Slope. A corrosion-eaten hole in one pipeline caused the largest-ever oil spill on the North Slope, and another corrosion-related spill prompted a partial shutdown of Prudhoe Bay, the nation’s biggest oil field.

That lawsuit was settled in 2008 with an agreement by BP managers to undertake several management reforms. That settlement also followed an agreement by BP managers to reduce Browne’s retirement benefits.

A week ago, the plaintiffs in that case filed a motion to essentially reopen the matter, asking the court to compel BP to abide by settlement terms they said had been breached.

The lawsuit filed yesterday also alleges that the settlement terms were breached. Despite promises of reform made by the corporation in 2008, the lawsuit said, “the culture of ignoring safety requirements and excessive risk taking at the company remains and BP’s violations have continued.”

A BP spokesman was not immediately available to comment on the new lawsuit.

By raymond Holroyd on May 21, 2010

Recent blog reveals some serious factual issues, not just for BP but the Oil & Gas sector as a whole.

Thom’s blog
They Get the Profits and We Bury the Dead…
Pro Publica is reporting internal investigations over the last 10 years show BP systemically ignored its own safety policies from Alaska to the Gulf of Mexico to California and Texas. The classified documents show management neglected aging equipment, put pressure on employees not to report problems and cut short or delayed inspections to reduce production costs.

Meanwhile, OSHA reports that two refineries in the US owned by BP account for 97 percent of the most what OSHA called “egregious willful” violations of all the refineries in the country, even after 15 Americans died at the explosion of a BP refinery in Texas City, Texas in 2005. The Minerals and Management Service reports that in the years since George W. Bush was appointed president by five Republicans on the Supreme Court in 2001, Oil spills in US waters have more than quadrupled, with BP being the company with the highest average number of spills – and this was before the blowout in the Gulf.

BP’s response? They’ve hired former Huffington Post editor Hillary Rosen to help with PR, and Tony Podesta and The Podesta Group – along with 27 former congressional and White House staffers – to lobby Congress, the White House, and the Press to limit damages to BP and tamp down calls for criminal investigations against BP and its executives.

Americans now support pursuing criminal charges related to the Gulf spill and 80% give the federal government’s response a more negative rating than the response to Hurricane Katrina.

They’re also spending a small fortune buying space on Google and other search engines to make sure when people look for oil spill information the first thing they see is BP’s point of view. And they’re giving millions now to the big television networks for what they call advertising, but others are wondering if its an attempt to encourage the networks to temper their coverage of the oil volcano and BP’s complicity in the death of the 11 men who died on the Deepwater Horizon. This is the problem with monopoly crony capitalism – they keep the profits, we pay the expenses and bury the dead, and the companies get so big that both accountability and competition are destroyed.

-Thom
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By raymondoscaff on Jun 9, 2010

If I had a buck for every time I came to blogs.e-bim.com.. Incredible article.

By Dalton Dewitt on Jun 14, 2010