Follow the $$$ - Media ignores Goldman Sachs’ ties to Corexit dispersant and BP

[Dover]

On May 20, the U.S. Environmental Protection Agency (EPA) issued a directive requiring BP to identify and use a less toxic and more effective dispersant from the list of EPA authorized dispersants. Dispersants are a chemical used to break up oil into small droplets so that they are more easily degraded. To read more about the EPA's directive, click here.

Even though the dispersant BP is currently using is on the EPA's approved list, it is being used in unprecedented volumes and used for underwater treatment, which the extent of its environmental impacts are unknown. Journalist Paula Quinlan questions why BP is using the 100 % toxic, 54 percent effective dispersant Corexit to clean up the oil when twelve other dispersants proved more effective in EPA testing.

Quinlan associates BP’s investment in Nalco and oil industry representation on the board as the main reasons that Corexit was used instead of Dispirsit, which EPA testing shows to be twice as effective and a third less toxic. Yes, BP is hedging its losses with the profit it will make with its investment in Nalco, but who else benefits?

Follow the money…and the money goes to Goldman Sachs and friends.

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Media ignores Goldman Sachs’ ties to Corexit dispersant

In a recent New York Times’ article “Less Toxic Dispersants Lose Out in BP Oil Spill Cleanup”, journalist Paula Quinlan questions why BP is using the 100 % toxic, 54 percent effective dispersant Corexit to clean up the oil when twelve other dispersants proved more effective in EPA testing.

BP spokesman Jon Pack defended the use of Corexit, which he said was decided in consultation with EPA. He called Corexit “pretty effective” and said the product had been “rigorously tested.”

..cont'd

http://www.bearmarketinvestments.com/goldman-sachs-the-oil-volcano?utm_source=Austin+EcoNewsletter&utm_campaign=559bce36d4-econewsletter_12_15_0912_14_2009&utm_medium=email

[dixiegrrrrl]

1. All slithery roads seem to lead to GS.

GS stock was doing well today, BP not so much.