The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
BP Profits $3 Million Each Hour in 2011—Attempts to Evade Responsibility to Gulf
By Jaclyn McDougal
Reports on Feb. 7 indicate that BP made a major profit for 2011. BP announced that it made a profit of $25.7 billion during the 2011 calendar year. BP’s fourth-quarter profits alone reached $7.69 billion, up 38 percent from 2010. The company made $3 million every hour during 2011.
“BP made nearly $26 billion and the Gulf still waits to be restored,” said Jeremy Symons, senior vice president of conservation and education with National Wildlife Federation. “Now it’s up to Congress to hold BP accountable and repair the Gulf’s waters, wildlife and America’s seafood supply by passing the RESTORE Act—before BP hastily reaches a settlement that could let them off the hook for the full amount of fines they should pay.”
“Nearly two years after the Gulf oil disaster BP has still not fulfilled its commitment to the Gulf of Mexico, but instead is preparing for their upcoming trial with a full war chest,” Symons stated. “BP’s announcement on their annual profits today shows that they have available funds for widespread restoration but choose to use their money for commercials showcasing their broken promises to the Gulf of Mexico.”
Restoration is critical to the well-being of the Gulf ecosystems and livelihoods. A healthy ecosystem is the lifeblood of a healthy Gulf economy, both regionally and nationally. Congress must pass the RESTORE Act before a settlement sends the fine money to Washington, D.C. where it can be used for unrelated federal spending, instead of restoring the ecosystems and economies of the five Gulf States.
For more information, click here.
EcoWatch Daily Newsletter
By George Citroner
The Office of Disease Prevention and Health Promotion and the World Health Organization currently recommend either 150 minutes of moderate intensity exercise (walking, gardening, doing household chores) or 75 minutes of vigorous aerobic exercise (running, cycling, swimming) every week.
But there's little research looking at the benefits, if any, of exercising less than the 75 minute minimum.
It seems the reality of the climate crisis is too much for the Federal Reserve to ignore anymore.
For 21 years, Doug Distaso served his country in the United States Air Force.
He commanded joint aviation, maintenance, and support personnel globally and served as a primary legislative affairs lead for two U.S. Special Operations Command leaders.
But after an Air Force plane accident left him with a traumatic brain injury, post-traumatic stress disorder (PTSD), and chronic pain, Distaso was placed on more than a dozen prescription medications by doctors at the U.S. Department of Veterans Affairs (VA).
By Bailey Hopp
If you had to choose a diamond for your engagement ring from below or above the ground, which would you pick … and why would you pick it? This is the main question consumers are facing when picking out their diamond engagement ring today. With a dramatic increase in demand for conflict-free lab-grown diamonds, the diamond industry is shifting right before our eyes.
The scourge of plastic waste that washes up on once-pristine beaches and finds its way into the middle of the ocean often starts on land, is dumped in rivers and canals, and gets carried out to sea. At the current rate, marine plastic is predicted to outweigh all the fish in the seas by 2050, according to Silicon Canals.
By Julia Conley
Joined by Rep. Alexandria Ocasio-Cortez Friday night, Sen. Bernie Sanders held the largest rally of any 2020 Democratic presidential candidate to date in Iowa, drawing more than 2,400 people to Iowa Western Community College in Council Bluffs.