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Archive for the 'Energy' Category

Update To BP Pipeline Corroded For Over Ten Years

Wednesday, August 16th, 2006

In a more recent development on the corroded pipeline saga, CNN now reports that BP shareholders have sued BP over the loss of revenue due to closure of the pipeline, which has reduced petroleum production by half. In addition to other allegations, shareholders claim BP executives have known for years about the poor condition […]

Posted in Energy | No Comments »

BP Oil Pipeline Corroded For Over Ten Years

Friday, August 11th, 2006

Timing is everything. BP has proven that old addage yet again by maximizing it’s profits with a well-timed shut down of its Alaska pipeline, despite its knowledge that the pipeline has been corroded for over ten years. It’s apparent from BP’s shutdown of the pipeline that it:

ignored federal guidelines requiring routine inspections, or […]

Posted in Energy | 2 Comments »

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