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Sunday, May 23, 2010

BP - We had too many people that were working to save the world!

In July 2009, at a lecture to the Stanford Business School, the CEO of British Petroleum Tony Hayward explains to attendees that BP was going in the wrong direction before he took over as CEO because, "we had too many people that were working to save the world."  (

Too bad Tony Hayward hadn't spent more time thinking about "saving the world." Maybe this disaster would have never happened if he had.

Too bad BP tried to pretend they were something they weren't because now not only is the public outraged, they don't trust a single thing the company has to say.

No company is going to look like roses in this unprecedented situation. But what has made it all the more worse for the oil company is that they spent a lot of money over the last few years branding themselves as a company looking "Beyond Petroleum" - playing up their paltry investments in renewable and clean energy technology while only investing about 5% in such green technologies.

The other 95% being invested in fossil fuels and offshore oil exploration.

Spinning like BP did, might have appeared to pay off in the short-term, but in long run it gets you ads like the one above from Greenpeace (

And for the latest projection from


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