Monday, June 21, 2010

Stop the bribes. Demand clean energy. Imprison the criminals.

Via Power Without Petroleum (visit their Facebook page.)

Vile, baby, vile:

Tony Hayward will walk away from BP with a £10.8m (USD $16.03m) pension pot if he steps down from his position in the wake of the Gulf of Mexico oil spill.

The chief executive of the oil giant is likely to receive an annual pension north of £500,000 (USD $742,322), according to experts from Hargreaves Landsdowne. US politicians suggested the BP boss should step down during an eight-hour cross-examination on the causes of the oil spill on Thursday.

"It's time for heads to roll at BP," Kathy Castor, a Florida Democrat, added over the weekend.

BP's stricken well is still leaking up to 60,000 barrels a day into the ocean, and the company is only managing to capture a third of it. The company's clean-up bill has now hit $2bn and it has paid out $105m in damages to those affected by the disaster.

At last week's hearing, Mr Hayward declined to say whether he would leave the company, simply repeating that his "highest priority" was to stop the flow of oil.

The BP boss, who lives in a manor house in Sevenoaks, took home £1m (USD $1.48m) in pay and a £2m (USD $2.96m) bonus last year, after success in cutting costs during the recession.

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