For Former Exec Tony Hayward, BP Stands for “Back in Play”

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http://www.businessinsider.com/for-hayward-bp-stands-for-back-in-play-2012-9



One great thing about the New York Times is that it serves up fabulous artifacts for others to mine. Such is the case with a strange, strange article about the return of Tony Hayward, the former BP executive vilified for his role in destroying whole swathes of the Gulf of Mexico…perhaps forever.

BP appears to be trying to get away with a comparatively small fine (given the recklessness and consequences), based in part on a formula tying penalties to the amount of spilled oil collected, a number reduced by use of a highly toxic dispersant that broke the oil up into largely invisible micro-droplets. Fishermen, overwhelmed with health problems believed related to the covert aerial spraying of dispersants, are beset by illness, and when they can work, are catching shrimp born with no eyes. (For more on that, see the documentary, “The Big Fix.”

Now, Hayward is back in the game, as described in the Times article:

Two years after being shown the door at BP, in one of the most ignominious corporate exits in recent memory, Mr. Hayward is back in the oil game. Not at an oil major like BP nor, for that matter, in the gulf, where oil rigs and refineries were being tested anew last week, this time by Hurricane Isaac. No, Tony Hayward is hoping to strike it rich in, of all places, the oil fields of northern Iraq.
He has some deep pockets behind him. They include a scion of the Rothschild banking dynasty, a former dealmaker at Goldman Sachs and two Turkish tycoons with a foothold in the wild and wildly contentious world of Iraqi oil. It’s a dangerous game, financially and otherwise. But despite sectarian bombings and political deadlock, Iraq’s crude oil production is soaring. In July, the nation produced more than three million barrels of oil a day, the most in a decade, eclipsing Iran and shaking up the old order in OPEC.


Read more: http://whowhatwhy.com/2012/09/04/for-hayward-bp-stands-for-back-in-play/#ixzz25atMQBuK