Gulf Oil Spill to Drag Goldman Sachs into Trading Scandal?

As BP fails repeatedly in desperate attempts to cap a massive oil leak offshore at 'Deep Water Horizon' in the Gulf of Mexico, suspicion grows over certain 'coincidences.'

Is there really evidence here to support claims of a sinister conspiracy? Financiers Goldman Sachs not only fortuitously dumped millions of its shares in the British oil company, but has strong financial links to the chemical clean up firm tackling the disaster. Moreover, the Wall Street giant's new chairman was boss of BP only three months before.

Sections of the blogosphere are running into overdrive at the stark fact that Goldman Sachs Management (US) sold 6,025,387 of its shares in the British oil giant, BP on March 31, 2010 just days before the rupture of a pipe extracting deep sea oil. Experts variously estimate the spill to be dumping the equivalent of 5,000- 25,000 barrels of oil a day into the Gulf gravely impacting wildlife.

The sell off represented 43.7 per cent of the total BP stocks owned by the Wall Street powerhouse, reaping $276,770,112. However, the sale accounted for just under 0.5 per cent of the firm’s total investments. BP shares have fallen 12 per cent since the disaster.

‘Lucky’ for Goldman Sachs

The Wall Street sell off was unprecedented and stood out from all other transactions at a time when BP shares were being bought rather than sold. This sell-off may represent the largest single liquidation of petroleum stocks in the history of modern markets.

mmm?

Instant folk art for BP, cont'd

Instant folk art for BP, cont'd

This picture showed up in our Twitter feed, bless the Internet. @YatPundit tweeted: "they've killed #failwhale! #BP bastards! http://bit.ly/apymW7 (@enderfp design) :-)"

More of our new favorite genius @enderfp here.

What more can I say

The best Regulation for BP or Bankers - Prison

Rediscovering what they were supposed to already know

starfish by TheMarque

1997 Warning on Deep Blowouts: ‘Options Are Limited’
[Via Dot Earth]

It should come as no surprise that experts in avoiding and stopping blowouts of oil and gas wells long ago saw the deep-ocean drilling frontier as particularly dangerous terrain.

[More]

As often happens in human endeavors, people get complacent and take shortcuts. The only way to prevent this is to make sure there is a cultural focus on doing it right. This often means that some people who fail to follow proper procedure need to be tried criminally.

And not just the poor guys on the platform but their bosses who pressured them.

Yep, I’m a liberal because I believe that might actually work. Well, it would actually work if we ever held anyone accountable. Lack of accountability by those in charge has been a hallmark of the last 20 years.

Richard links to an important article on how risk actually works. People naturally drift to cut corners - the O Ring for Challenger - How BP was finishing the well.

If we recognize this, then we have to make the PERSONAL stakes high for drift.

If BP gets hit with a $10 billion dollar fine as is now possible and The Senior Rig folks and Mr Hayward go to jail - we can be assured that there won't be ANY drift in the future.

Test this - your CEO goes to jail if you mess up - how tough will be the safety oversight?

You thought I was joking about an atom bomb for Deepwater - This is the solution

The leak is much much bigger - Matt Simmons recommends that we do what the Russians did and use a nuclear bomb to disrupt the structure - it has come to this.

BP has to be shoved out to do this.

If Simmons is right about the scale of the leak this is the Tipping Point for Oil, for Obama and most importantly for all of us.

So.........

Campbells - Old Marketing All about Our Product - New all about how we fit into society

Over the next decade, Campbell will pursue the following four goals:

-- Nourishing Our Planet -- Reduce the environmental footprint of our product portfolio in half, as measured by water use and CO2 emissions per product produced. In 2008, Campbell used 9.35 cubic ft. of water and 0.308 tonnes of CO2 used per tonne of food produced. Over the past year Campbell reduced water in food production by more than 9 percent and invested more than $6 million in environmental sustainability projects.

-- Nourishing Our Neighbors -- Measurably improve the health of young people in our hometown communities by reducing hunger and childhood obesity by 50 percent. Over the next decade, Campbell will work closely with organizations like the Robert Woods Johnson Foundation and Feeding America to address these related issues in Camden, N.J., as well as other communities where the company has a meaningful presence, such as Sacramento, Calif., Napoleon, Ohio, Paris, Texas and Norwalk, Conn.

-- Nourishing Our Employees -- Achieve 100 percent employee engagement in CSR and sustainability. Campbell employees will have a CSR-oriented goal incorporated into their annual performance objectives, which can be achieved either individually or as part of a work-affiliated group activity.

-- Nourishing Our Consumers -- Continue to advance the nutrition and wellness profile of Campbell's product portfolio, especially through the continued reduction of sodium in soups, sauces, beverages and bakery items. Campbell will continue to build on a base of more than 45 soups, sauces, beverages and pastas that deliver a full serving of vegetables (1/2 cup).

I see this as a sign of our times - a huge shift in consciousness. Organizations will have to be truly more socially connected.

Look at BP - how they handle the oil spill will now define them whereas their old Greenwash Slogan was only playing.

Look at how Kotex has shifted from fantasy to reality in their new approach to women and periods.

It's happening - slowly but it is happening.