What happened to BP CEO after the oil spill?
LONDON— Tony Hayward, who stepped down leading BP PLC in the wake of the fatal Deepwater Horizon oil spill in the Gulf of Mexico, is retiring as chairman of Glencore GLNCY -0.32% PLC, the commodities giant he presided over for eight years. Mr.
Who was responsible for the BP oil spill?
In September 2014, a U.S. District Court judge ruled that BP was primarily responsible for the oil spill because of its gross negligence and reckless conduct. In April 2016, BP agreed to pay $20.8 billion in fines, the largest corporate settlement in United States history.
How many animals were killed in the BP oil spill?
We found that the spill likely harmed or killed about 82,000 birds of 102 species; about 6,165 sea turtles; as many as 25,900 marine mammals; and a vast (but unknown) number of fish — from the great bluefin tuna to our nation’s smallest seahorse — plus oysters, crabs, corals and other creatures.
How much does the CEO of BP make a year?
LONDON (Reuters) – BP Chief Executive Bernard Looney’s remuneration was 1.735 million pounds ($2.4 million) in 2020 after it scrapped all bonuses during his first year in office due to the pandemic, the energy group said in its annual report.
Who Is Bernard Looney wife?
Jacqueline Hurst
| Bernard Looney | |
|---|---|
| Title | CEO, BP |
| Term | February 2020- |
| Predecessor | Bob Dudley |
| Spouse(s) | Jacqueline Hurst (divorced in 2019) |
Does Jimmy Harrell still work for Transocean?
A supervisor on the Deepwater Horizon oil rig that exploded in the Gulf of Mexico in 2010 has died. Harrell, who worked for rig owner Transocean, died Monday, according to Wolf Funeral Home in Morton, Mississippi. He had battled cancer for a year.
How much do BP executives make?
The average BP executive compensation is $236,236 a year. The median estimated compensation for executives at BP including base salary and bonus is $235,649, or $113 per hour. At BP, the most compensated executive makes $700,000, annually, and the lowest compensated makes $50,000. Last updated months ago.
How much does Bernard Looney earn?
As the Group Executive Officer and Executive Director of BP Plc, the total compensation of Bernard Looney at BP Plc is GBX1,545,000. There are no executives at BP Plc getting paid more.
Who was the CEO of BP during the oil spill?
According to NPR, BP’s action has become a textbook example of how not to do crisis management. BP executives declared it was not their accident, blamed their contractors and made the company look arrogant and callous. CEO Tony Hayward repeated insensitive comments in public, like this one: “There’s no one who wants this thing over more than I do.
What did BP do with the money from the Deepwater Horizon spill?
Following a five-year evaluation of the damage, the Trustees issued a plan in 2016 to restore the Gulf and allocate funds from the settlement with BP. It set five goals: In 2011, one year after the Deepwater Horizon oil spill, BP agreed to provide up to $1 billion toward early restoration projects in the Gulf of Mexico.
When did BP cap the Macondo oil spill?
4 million barrels of oil flowed from the damaged Macondo well over an 87-day period, before it was finally capped on July 15, 2010. On December 15, 2010, the United States filed a complaint in District Court against BP Exploration & Production and several other defendants alleged to be responsible for the spill.
How much oil did BP spill in the Gulf of Mexico?
For 87 straight days, oil and methane gas spewed from an uncapped wellhead, 1 mile below the surface of the ocean. The federal government estimated 4.2 million barrels of oil spilled into the Gulf of Mexico. According to NPR, BP’s action has become a textbook example of how not to do crisis management.