BP evicted from ethical index

BP Plc will be evicted from the FTSE4Good ethical investment index following its Gulf of Mexico oil spill, index compiler FTSE said on Friday, as BP said it would delay its third-quarter results due to the challenges of accounting for spill costs.

FTSE said BP would be dropped from FTSE4Good, which many managers of ethical funds use to screen companies before including them in their portfolios, from September 18, citing a FTSE policy committee.

via BP evicted from ethical index, delays Q3 results | Reuters.

Alaska town slowly heals after 1989 Exxon Valdez spill

…21 years after one of the worst environmental disasters in US history, it remains scarred.

In March 1989, the Exxon Valdez tanker hit a reef and spewed 11m gallons of crude oil into the sound’s pristine waters, and, until April’s BP accident in the Gulf of Mexico, it was America’s worst spill. Today, oil can still be found here.

via BBC News

BP clean-up turning into BP cover-up?

In a bewildering development, the Obama administration has banned press from filming the BP oil spill.

Adm. Thad Allen, who is charged with enforcing this history-making ruling was caught in a lie here on tape. He states the rule (which can result in a $40,000 fine and a Class D felony charge!!) comes as a response to “local officials” who say journalists are getting in their way.

(Anderson) Cooper brings on two of the most prominent local officials heading up the local response to the Gulf oil spill, and both concur that Allen’s statement couldn’t be farther from the truth. Local officials WANT press becuase they feel it will help broadcast their increasingly desperate pleas for long-promised cleanup equipment:

via MNN – Mother Nature Network.

Rebranding BP’s logo

In the wake of the worst oil spill in history comes a contest to rebrand BP’s logo.