Wednesday, April 6, 2011

Transocean Donates Bonuses to Victim's Families

We're happy to report today that executives at Transocean announced they will donate their 2010 safety bonuses "to the families of the 11 workers killed in the April 2010 explosion in the Gulf of Mexico." This will add $250,000 to the Deepwater Horizon Memorial Fund fund that Transocean had already established to support the victims' families.

The safety bonuses only amount to 25% of the total bonuses paid to Transocean executives this year, so they'll still have plenty of walkin' around money. But this is a positive outcome, close to what we called for a couple of days ago.

6 comments:

  1. It looks like you are keeping them honest.

    I have a good idea: Use satellite images to show sea level rise/climate change impacts in SE India and Bangladesh. I was in Chennai recently and saw firsthand how it's sinking.

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  2. Jen - we're glad we had some good news to share.

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  3. Thanks Ace. That is a great idea. Might be worth some Googling to see if anyone is already doing that (United Nations Environment Programme might be a good starting point). Please let us know if you turn up anything interesting!

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  4. It's a start for these yahoos. These families, and the Gulf Coast Region deserve even more. Baby steps forward are better than cowardly steps backward. Good on 'em! Let's see what they do with the $2.7-$4.2 million in cash and stock options they have left. Sorry to get so negative :oS

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  5. Thanks Jeff. Maybe they could invest a few of those extra $$ millions in developing a new generation of blowout preventers that can actually handle the high-pressure conditions expected with deepwater, ultradeep wells, so this type of accident won't happen again. But Congress is hell-bent on moving ahead with deepwater drilling without fixing those flawed BOPs, and with no new cleanup plans. There is no reliable line of defense; we're just crossing our fingers and hoping to get lucky. We all deserve better than that.

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