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The Gulf Spill, Corexit, and PROFITS

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opednews.com Headlined to H2 7/27/10

July 26

New York

Public Health officials are now talking about the need for public evacuation in areas of Louisiana effected by the BP Oil Spill in the Gulf.

The concern, however, seems to be more about the chemical dispersant "Corexit" used by BP to break up the surface oil, than the oil itself.

Details about the health hazards of Corexit and how its use helps BP hide the details of the spill from the public are available from many sources (See the end of this article for two.)

What hasn't been discussed in public, however, is the economic element to this story.

NALCO the Illinois-based company which produces Corexit profits exceedingly well.

It's CEO, Erik Frywald, earned over $5 million dollars last year, according to the following listing (source: Forbes.com)

ERIK FRYWALD

Compensation for 2009

  • Salary $850,000.00

  • Restricted stock awards $2,618,001.00

  • All other compensation $163,282.00

  • Option awards $ $1,024,944.00

  • Non-equity incentive plan compensation $964,620.00

  • TOTAL COMPENSATION $5,620,847.00

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donlieber.blogspot.com

Don Lieber's writing has been published by the Associated Press, the United Nations, the International Campaign to Ban Landmines, the Coalition to Ban the Use of Child Soldiers, Mothering Magazine, and others. He contributes regularly to several (more...)
 

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What "public health officials" are calling for eva... by Georgianne Nienaber on Tuesday, Jul 27, 2010 at 9:55:44 AM
Hi GeorgianneThanks for reading my article which d... by Don Lieber on Tuesday, Jul 27, 2010 at 12:00:11 PM
How surprising that a company from Obama's home to... by stevor on Tuesday, Jul 27, 2010 at 10:57:30 AM
REMEMBER LAST YEAR HINI WAS THE BIG SCARE, BUT IT ... by MARGARET BASET on Wednesday, Jul 28, 2010 at 7:59:12 AM