Posts tagged: Oil

In bow to political realities, Brown avoids big guns

Tweet SACRAMENTO — Some big targets were left largely untouched in Gov. Jerry Brown’s call for shared sacrifice in his proposed budget. In his plan to raise $12 billion in taxes, Brown avoided a source of revenue Democrats have been going after for years: oil severance fees. Extra taxes on alcohol, tobacco and the wealthy, also targets of Democrats in recent years, were also bypassed. And, in a nod to his labor allies, Brown did littl ... Jump to full article >>

BP oil rig explosion: Technician ‘on cigarette break missed warning signs’

Tweet A technician on BP’s doomed Deepwater Horizon missed indications that the rig was about to suffer a disaster because he was taking a cigarette break. A panel investigating the explosion that killed 11 men and led to the massive Gulf of Mexico oil spill heard on Tuesday that Joseph E Keith, a senior unit manager for Halliburton’s Sperry subsidiary, left his post for 10 minutes on the night of the April 20 accident. While he was away from ... Jump to full article >>

Jon Runyan funded by oil and tobacco interests in election win

Tweet As Jon Runyan prepares for his freshman term in the U.S. House, he has some “thank yous” to send to his new colleagues, as well as to donors from the oil and tobacco industries. House Republicans, and the corporations that support them, helped Runyan beat Democratic U.S. Rep. John Adler in South Jersey’s Third Congressional District, according to general-election reports filed last week. Runyan lent himself $350,000 and th ... Jump to full article >>

BP Oil Disaster: Major compensation payouts from other global corporations

Tweet After Barack Obama forced BP to set aside $20 billion to pay for the oil disaster in the Gulf of Mexico, look at other landmark payouts from corporations around the world. Exxon Valdez oil spill Prior to current leak off the coast of America the Exxon Valdez oil spill was the worst oil slick when it occurred off Alaska in March 1989. An oil tanker bound for Long Beach, California, hit Prince William Sound’s Bligh Reef and spilled an e ... Jump to full article >>