BP Searching For Cash
BP is trying to borrow $7 billion.
Reuters reported on Friday that the company has put requests in with seven different banks, hoping that each bank would lend them $1 billion.
BP is trying to borrow $7 billion.
Reuters reported on Friday that the company has put requests in with seven different banks, hoping that each bank would lend them $1 billion.
Oil company executives gathered on Capitol Hill on Tuesday at a Congressional hearing to discuss offshore drilling and the oil spill in the Gulf of Mexico.
Leaders from ExxonMobil, Shell, Conoco-Phillips, and Chevron sat next to Lamar McKay, head of BP America, but they answered questions with the intention of isolating BP.
Inspired by the Exxon Valdez oil spill in 1989, Kevin Costner decided that the world needed a machine that would quickly and safely remove spilled oil from water. So he started building.
Last week, Patently Apple, a blog "celebrating Apple's spirit of innovation," noticed that Apple engineers, in 2008, had quietly filed a patent for a technology to embed solar cells under touch screens.
U.S. Attorney General Eric Holder announced on June 1, 2010 that the federal government is opening a criminal investigation into the BP oil spill in the Gulf of Mexico. Attorney General Holder did not name any specific targets of the investigation, but it’s not hard to figure out who they may be. Holder named the Clean Water Act, the Oil Pollution Act of 1990, the Migratory Bird Treaty Act and the Endangered Species Act as federal laws that might have been violated. I understand that the Department of Justice (DOJ) has been working on this matter since very shortly after the spill occurred.
Sometime in the next few days, BP says it will officially launch what it is calling a "Top Kill" operation.
Oil continues to gush from a broken pipe in the Gulf of Mexico, and, while BP, the company responsible, maintains that only 5,000 barrels are flowing into the water every day, one group of scientists thinks the leak could be dumping as much as 100,000 barrels a day.
Our friend Leilani Münter just sent us an update. She has spent the past week on the Gulf Coast, seeing the oil spill first hand, taking photographs, and talking to fishermen.
She says things are bad down there, and she has a strong message for BP CEO Tony Hayward:
I think I speak for all of the American people when I say that your cavalier and dismissive attitude towards this oil spill is not making you any friends. Maybe you should spend a little less time doing media interviews trying to reduce the perceived impact of your oil spill and instead spend more time trying to plug the leak and cleaning up the mess that you have made in our Gulf.
"Green jobs" - high-quality employment in renewable energy and other environmentally sustainable sectors - are uplifting communities while helping to reduce greenhouse gas emissions. Meanwhile, jobs in fossil fuel industries, particularly coal, continue to decline.
Worldwatch reports regularly on the growing field of green jobs across the globe.
For the past several years, my colleagues and I have been working on the water and energy connection -- specifically, the California Energy Commission’s conclusion that water systems consume 19 percent of California’s total electricity use. Increasingly, this connection is shaping the thinking of water agencies.
Florida residents may soon come face to face with what may become one of the worst oil spills in history.
Yahoo News reported today that the crude oil gushing out of British Petroleum's Deepwater Horizon well may soon be swept up in currents that will take it through the Florida Keys and up Florida's Atlantic Coast. In about 10 days, sunbathers and beach bums in Palm Beach will think twice before donning bikinis.