Tag Archives: halliburton
Halliburton admits to destroying evidence in Gulf spill case
A US court has accepted a guilty plea from Halliburton for destroying evidence connected with the 2010 Gulf of Mexico oil spill. http://www.bbc.co.uk/news/business-24168384 In a statement, the company said it had agreed to a fine of $200,000 for the unauthorised deletion of a computer record. One of the firm’s employees was also charged on […]
Halliburton pleads guilty and receives slap on the wrist
Halliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010. The oil services company said it would pay the maximum allowable fine of $200,000 and will be subject to three years of probation. http://www.nytimes.com/2013/07/26/business/halliburton-pleads-guilty-to-destroying-evidence-after-gulf-spill.html?hp Halliburton , BP and Transocean, the operator of the Deepwater Horizon […]
BP balks on compensating for oil spill
BP says the lawyer administering the compensation fund is misinterpreting the terms of the agreement and making pay-outs that are too generous. http://www.bbc.co.uk/news/business-21814732 Last year BP agreed to pay compensation to around 100,000 people and companies – including fishermen and restaurant owners – who claimed the oil spill had harmed their livelihoods or their health […]
US fails to rebuild Iraq for $60 billion
The US rebuilding effort in Iraq achieved little despite $60bn (£40bn) spent since the 2003 invasion. The inspector general for Iraq reconstruction estimated the US wasted at least $8bn. The “limited positive effects” was due to corruption, poor security and insufficient consultation with Iraqi authorities. http://www.bbc.co.uk/news/world-us-canada-21692031 The eight-year war in Iraq cost the US about […]
Dirty Babylon 