Word: petroleum
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...highest-priority sites as fast as they can. But that will be harder, since the multibillion-dollar industry-paid trust fund, set aside for abandoned sites such as Tar Creek, ran dry in October. The fund was supplied by taxes on the purchase of toxic chemicals and petroleum and on corporate profits above $2 million. But the Republican-led Congress allowed the fees to expire in 1995. Bush is the first President to oppose the levies, and last month Lautenberg and other Senate Democrats lost a narrow vote to reinstate them. In protest, the Sierra Club aired "Make Polluters...
...every oilman who would speak at a conference, which I chaired, organized by Greenpeace, shortly after the environmental group had stormed one of his offshore platforms. Yet while he may not always look or act the part, John Browne is an oilman's oilman. He became CEO of British Petroleum (BP) in 1995, and since then he has absorbed Amoco (1998), ARCO (1999) and Burmah Castrol (2000) while driving his company into Russia. BP is now the second largest of the oil majors after ExxonMobil. Browne has turned a two-field British company, focused mainly on the North...
...RESIGNED. MA FUCAI, 57, as president of China National Petroleum Corp., the country's largest oil-and-gas producer; after assuming personal responsibility for a gas blast in Chongqing last December; in Beijing. The explosion, which released a toxic cloud of hydrogen sulfide that killed 243 people and forced the evacuation of 60,000 villagers, was blamed on insufficient use of drilling fluids and on the removal of crucial safety equipment. Ma, whose rank in the Chinese bureaucracy was equivalent to a minister in the central government, offered to quit several times before his resignation was accepted by the State...
Animal Boat, by William Donnelly and directed by Heather McNamara, concerns Schabato (Kevin LaVelle), a press secretary for a large Enron-like chemical and petroleum company. Schabato relates an increasingly absurd series of diasasters that have befallen the corporation—corrupt executives, oil spills and chemical spills—before revealing his dissatisfaction with his career and his college ambition to become a writer of children’s songs. The sketch’s highlight is LaVelle’s performance of the title song—Donnelly may well have a career as a children?...
...Science of Changing Our Own and Other People's Minds, Harvard psychologist Howard Gardner says leaders who propose a change of thinking, and back their suggestion with research and resources, are more likely to succeed than those who rely on the rhetoric of leadership alone. Gardner uses British Petroleum as a prime example: CEO John Browne turned the oil giant around by challenging frontline managers to solve existing problems and giving them time and consultants to create solutions. On the opposite side, Gardner says, John Chambers of Cisco Systems couldn't convince investors that the dotcom boom was the "second...