Disasters

"BP Faces Shareholder Revolt Over Bob Dudley's Pay"

"Investors group will vent its displeasure during AGM by voting against £4.6m remuneration package for chief executive"

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"A substantial pay revolt will be mounted by shareholders at the annual general meeting of BP on Thursday following the board decision to give more than £4m remuneration to chief executive, Bob Dudley, despite a depressed stock price.

A group of investors will vote in protest against acceptance of this part of the company's remuneration report, emboldened by a negative recommendation from the shareholder advisory body Pirc.

Source: Guardian, 04/12/2012

"Transocean Seeks To Block CSB Oil-Spill Probe"

"Myriad agencies have investigated BP's Gulf of Mexico oil spill, but the owner of the rig that exploded and sank wants to draw the line at the one designated by Congress to probe disasters involving deadly chemical blasts and releases."

T"he U.S. Chemical Safety Board, which investigates chemical explosions in the same manner the National Transportation Safety Board investigates airplane crashes, launched its first offshore investigation shortly after the 2010 explosion killed 11 workers and allowed more than 4 million barrels of crude to foul the gulf.

Source: Reuters, 04/12/2012

"Northern Pennsylvania Gas Explosion Was Out of Regulatory Reach"

"Houses trembled a half mile away when a natural gas explosion rattled a compressor station near Springville, a hotbed of Marcellus Shale development in northern Pennsylvania. Just two hours after the March 29 blast, a gas safety inspector from the state Public Utility Commission was on the scene to begin an investigation into possible violations of gas safety rules. But he did not get far."

Source: Philadelphia Inquirer, 04/09/2012

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