Showing posts with label bp. Show all posts
Showing posts with label bp. Show all posts
Saturday, 19 June 2010
Geothermal to benefit from Gulf of Mexico disaster?
Impax invests in environmental markets. One of their pundits "likes" (= believes he can make money out of) Ormat Technologies - a firm that specialises in geothermal energy.
Gulf of Mexico Oil Spill Disaster
In the last 3 years US Health & Safety regulators have cited a number of companies for "egregious, wilful safety violations: Exxon - 1; Citgo - 2; Sunoco - 8; BP - 760.
BP, called "a recurring environmental criminal" by lawyer Jeanne Pascal, also was criticised in 2001 for neglecting emergency shutdown equipment in Alaska and intimidating employees who raised safety or environmental concerns [there may have been other things, I don't know]. At Prudhoe Bay in 2006 the pipe that BP had allowed to corrode through let out 200,000 gallons of oil.
But never mind - this has an upside. The Sunday Times pointed out that investors can make money through firms that specialise in cleaning up BP-style incidents. I suppose that counts as economic growth.
BP, called "a recurring environmental criminal" by lawyer Jeanne Pascal, also was criticised in 2001 for neglecting emergency shutdown equipment in Alaska and intimidating employees who raised safety or environmental concerns [there may have been other things, I don't know]. At Prudhoe Bay in 2006 the pipe that BP had allowed to corrode through let out 200,000 gallons of oil.
But never mind - this has an upside. The Sunday Times pointed out that investors can make money through firms that specialise in cleaning up BP-style incidents. I suppose that counts as economic growth.
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