As I write this I have just read the first bit of positive news about the oil spill in the Gulf of Mexico. It seems BP may finally be getting on top of this issue and are stemming the flow of oil into the Gulf by capturing around 10,000 barrels a day; just over half the estimated 12,000 to 19,000 that is leaking from the burst pipe.
It’s probably not a good time to have your nationality associated with this organisation, and they did officially change their name nearly 10 years ago, but BP will always stand for British Petroleum to me. Once the UKs largest company and the fourth largest organisation in the world BP has long posted outlandish profit figures; in fact for the 1st quarter this year BP made a profits of around £40 million a day!
While the scale of this disaster is extraordinary it shouldn’t really come as that much of a surprise as BP has suffered several environmental disasters in recent years: The Texas oil refinery explosion in 2005 and the leak of 267,000 gallons of oil into Prudhoe Bay in Alaska a year later.
When they changed their name to BP in 2001, they also introduced the tag-line of ‘Beyond Petroleum’. This offered an exciting hope that this, the UK’s largest organisation was going to invest some of those massive profits into heavily researching alternate energy sources.
However since that time the company has continued to pursue oil and gas in more and more extreme locations and at the same time has closed down its ‘Alternative Energy’ HQ .
Things are not looking good :(
Which is a shame... As an organisation the size of BP has the financial capacity to lead the green agenda globally, live up to their tag-line and make us proud of the ‘British’ part of their name.
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