Archive for the ‘Money’ category

BP Update

June 22nd, 2010
The Gulf of Mexico

The Gulf of Mexico

Since 20 April 2010 the rig explosion in the Gulf of Mexico as been spewing out massive amounts of oil into a large portion of the immediate area, and the effects are global.

The amounts of oil leakage to date: 126.3 million gallons (worst case scenario)

Here is an interesting look at the amounts being spilled:

http://www.freep.com/article/20100622/NEWS07/6220346/1322/Just-how-big-a-mess-is-the-gulf-oil-spill

On their website, BP have released official responses to the spill, updating the amounts recovered in their efforts to fix the problem.

You can read them here:

http://www.bp.com/extendedsectiongenericarticle.do?categoryId=40&contentId=7061813

According to BP they have spent $US 2 Billion on the spill so far. This money has gone out to help stop the spew, grants for the Gulf states, claims paid to affected businesses and individuals and costs incurred by the US government.

It seems however, that as the saga continues that BP continue to upset the media and the US with their failure to relinquish correct information as well as the “notorious slip” of BP boss Tony Hayward who it seems has passed the buck.

The British giant are under immense pressure however, and are being held accountable by the US and in the media – it seems this is one controversy that a major corporation will not be able to escape unscathed.

Let’s just hope for the sake of the immediate environment, the affected wildlife and the industries that this environmental disaster can be curtailed as efficiently as possible!

Jade

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Living Green Tip #2

June 17th, 2010
Don't do dishes by hand!

Use your dishwasher!

Most people hate washing dishes anyways, but now here is a great excuse to save up for a dishwasher – it uses up to 35% less water than washing your dishes by hand!

Don’t put your dishwasher on until it is full though as the water and electricity usage remains the same, and to further save on energy and money, open your dishwasher just before the drying cycle comes on and let the dishes dry by air.

If you don’t have a dishwasher and have two sinks that’s even better! If you fill one sink with hot soapy water to wash in, and the other sink with hot water to rinse in, and you do all your dishes in one go you’ll be using even less water than a dishwasher!

Happy Washing

Jade

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Obama Puts Pressure on BP to Pay Up

June 17th, 2010

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It seems BP have agreed to setting aside $20 billion into a fund to compensate victims of the major oil spill in the Gulf of Mexico.

Obama has been said to have out them under intense political and legal pressure, and BP are so desperate to fix their reputation they have agreed to the surprisingly large sum.

So Bp, trying to buy back the world’s love? Will it work though?

Read the whole story here:

http://online.wsj.com/article/SB10001424052748704198004575310571698602094.html?mod=WSJ_hpp_LEADNewsCollection

Jade

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