Sunday, April 22, 2012

Earth Day: Who Wants to Eat Mutant Shrimp?

It be be years before we will know the full extent of the damage of the Gulf Coast oil spill. Republicans in the House of Representatives and Obama administration appointee Ken Feinberg have done nothing to speed up the payment process BP fines being used for clean-up. We are now finding mutant fish (pictured above) and eyeless fish in the Gulf. Oil is still washing up on the Louisiana coast. This travesty is allowed to continue because BP America contributes to the campaigns of both political parties.

Daily Kos is running a petition with the mutant shrimp photo. The petition will be sent to Speaker John Boehner's office.
To Speaker John Boehner:

It is time for the House of Representatives to join the Senate in passing legislation mandating that fines paid by BP go toward clean up and restoration of the Gulf Coast.
Amen.

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Monday, April 04, 2011

Bonuses at Transocean

Transocean is the owner of the Deep Horizon oil rig. 13 workers on the Deep Horizon rig were killed. Millions of barrels of oil were killed. Wild life died because of the environmental damage. Coastal tourism declined because of tourists staying away from Florida. Which means it is time for Transocean to award its top five executives with safety bonuses.

A table in the SEC filing shows bonuses awarded to Steven Newman, Ricardo Rosa, Eric Brown,Arnaud A.Y. Bobillier, Ihab M. Toma and Cheryl Richard. Transocean tells the SEC if you forget that pesky Deep Horizon explosion, it was a great year for safety.


notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate ("TRIR") and total potential severity rate ("TPSR"). As measured by these standards, we recorded the best year in safety performance in our Company's history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere.


The executives are also getting a raise for a job well done. One can not live on corporate bonus money alone.

Mr. Newman - $900,000

Mr. Rosa(1) - $450,000

Mr. Brown - $468,000

Mr. Bobillier(1) - $392,000

Ms. Richard - $355,000


This brings failing upwardly to a new level.

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