Bp Oil Spill

Hey Taxpayers, Guess Who Foots the Bill For Arctic Oil Spills?

Bud Sambasivam | Posted 11.12.2012 | Canada
Bud Sambasivam

In the wake of the 2010 BP Horizon spill in the Gulf of Mexico, our government needs to make changes to our outdated liability regime. Currently, the Canadian taxpayer is liable for offshore oil spills in the Arctic. Under current law, an oil company is responsible for damages up to $40 million of absolute liability, regardless of fault or negligence. Beyond the $40 million, it is either Canadian taxpayers or the company paying, depending on fault. Why are we providing public insurance for oil companies? We do not provide public insurance for homeowners in the case of a fire, or car owners in the case of a motor vehicle accident.

Seven Ways to Tell If You're Working for a Ticking Time Bomb

David Gebler | Posted 07.09.2012 | Canada Business
David Gebler

CEOs need to realize that highly desirable employee behaviour can become distorted and even destructive in a company driven by leaders with ulterior motives. Here are seven sure-fire signs that you might be working for a company on the brink of catastrophe.

BP Ready For Battle Says CEO

CP | Meera Selva, The Associated Press | Posted 04.27.2012 | Canada Business

LONDON - BP chief executive Bob Dudley said in an interview published Sunday that the company is ready for a lengthy court battle over the 2010 oil sp...

Canada Not Ready For Arctic Drilling, Reports Say

CP | Bob Weber, The Canadian Press | Posted 11.09.2011 | Canada Business

As Canada's energy regulator readies its final round of talks on offshore oil drilling in the Arctic, two new reports suggest there's a long way to go...

BP Investigating New Sheen In Gulf Of Mexico

CP | Raphael G. Satter, The Associated Press | Posted 10.18.2011 | Canada Business

LONDON - Oil giant BP said Thursday it was investigating a new sheen in the Gulf of Mexico but added there was no immediate indication it was the resu...

Gushing Oil Spills Drill Taxpayer Pockets

William Amos | Posted 07.29.2011 | Canada
William Amos

Offshore oil spills are Black Swan Events -- extremely hard-to-predict events that carry the risk of major impact. How much would it cost to clean up an Arctic offshore oil spill in Canada?