and while b.p. shares most of the blame the report also points a finger at trans ocean and dick cheney's calibur for grave errors leading to the oil spill so the most we learn from this latest report into the b.p. oil disaster and is there anything we can take away from it to prevent this sort of thing from happening again dr doug brinkley joins me now he's a senior scientist with the national wildlife federation practically welcome thank you very good to see you after talking with you on the radio the sentence it's good to see again is the gulf. still experiencing oil leaks the gulf of mexico we have to look at two things here one is there are some natural leaks in the bottom of the gulf but those are relatively my new compared to what happened last year with the b.p. oil spill but people are largely unaware of it is that there is oil spilling into the gulf in large quantities i would time from various pipelines from various wells that are not adequately closed last night excuse me last week the na

he says dropped the ball in covering the corporate crimes of b.p. crimes the left eleven men dead in the gulf of mexico last year as greg palast went on to say. eleven guys didn't die because of bad cement they died because of a lie thank god you're here because you're not going to hear it on the petroleum broadcast system you're going to hear it here it's time for the rise of corporate media and our news dependent on turning a profit investigator it is investigative journalism just isn't profitable anymore especially when you take on profitable and powerful industries that may advertise on or sponsor or underwrite your network and we do so is oil and gas ads for example recently and while the nuclear industry has been keeping their heads down they are huge and influential as well for example did you see this protest over the weekend it was more than sixty thousand people taking over and shutting down a large part of. chanting psion or i'm not nuclear power goodbye nuclear power and you probably didn't hear the two nuclear reactors are being built i

next up b.p. as c.e.o. of b.p. tony hayward is a clue accused of gross negligence in the deaths of eleven men and responsible for over forty billion in damages along the gulf coast as a result of an exploding oil rig in the gulf of mexico in april of two thousand and eleven that official report into the causes of the b.p. oil spill accuse the corp of nine faults in the run up to the incident and said whether purpose for not many of the decisions that b.p. albertan and trans ocean made that increase the risk of the macondo blowout clearly saved those companies significant time and money better management of decision making processes within b.p. and other companies that are communication within and between b.p. and its contractors effective training of key engineering rig personnel would have prevented the macondo incident b.p.'s decision to cut corners led to the deaths of eleven men and irreparable destruction of coastlines of several states along the gulf for those crimes the jury finds b.p. guilty the next corpor

of b.p. who you know took over after all the problems in the gulf of mexico well he came from t k b.p. he was then sent out there to try to sort all that out the first time and now he's back in london and now he has to have yet another headache was version of. whole or he he i think serious we're supposed to feel sorry for b.p. because they've been through a lot after the oil spill the gulf i mean come on i was acting in gradually this guy views it took some savvy to paint b.p. as some sort of corporate victim out there but their message news sources also decide to sprinkle their own two cents on this story as well the new york times headline for this story reads memo to exxon business with russia might involve guns and balaclavas guns and a lot of you know this raid must have been pretty intense i think about. ok so that we can show you that much there but that's also because there wasn't really much to show there was no guns there was no balaclavas you know these are awfully openly loaded o

s partners in the russian oil from b.p. they are currently suing b.p. for three billion dollars compensation they claim b.p. broke their shareholders agreement by attempting to form an alliance with snap to explore the arctic the raid on b.p.'s moscow office was intended to uncover files relating to the middle seat. trade between russia and the u.k. has grown fifty percent since the beginning of the year in the wake of david cameron's visit to moscow our business editor nick poole caught up with the head of course of british chamber of commerce why he started by asking if the problems in the political sphere in recent years had affected business interests. well i think one has got to divide the business relationships into the natural resource sector and the rest one can say without any shadow of doubt at all that there's been no discernible impact on the normal natural resource sector has the b.p. situation affected the way in which business is done here i think it's affected the business climate in this way and that is that it's created a lot of headli

of b.p. is stepping down as a non-executive director of the and that is less than a year after taking the post. let's take a look at the markets we'll start with oil prices there are mixed as the u.s. dollar and then scaled up earlier gains a partial recovery came as the organization of petroleum exporting countries set up . some of its members could lower production as a slow economy weakens the light sweet is currently trading at around eighty eight dollars per barrel while brian's is approaching one hundred twelve dollars a barrel in the us markets are trading in the guts of territory as fears amounts over europe's debt problems that's especially after a credit rating downgrade of banks well european markets saw a heavy losses shares in theirs were under pressure after the independent commission told banks it will have to bring their arms following the credit crisis of course european that worries weighed on the russian markets as well and this is a stunt at last week's losses in monday's

s partners in the russian oil firm b.p. they're currently suing b.p. for three billion dollars in compensation and they claim b.p. broke their shareholder agreements by attempting to form an alliance with rosneft to explore the arctic the raid on b.p.'s moscow office was intended so i'll cover files relating to the lawsuit. that's all the business news for now the headlines are next with alice. wealthy british style sun. spot on the. market why not. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines kaiser reports. a very warm welcome back it's. the libyan rebels attacked the three remaining strongholds of more feet under a shield of nato air strikes on the sea international war crimes committed by the colonel's loyalists and the opposition with new leadership to restore order in. ukraine questions the legality of toward to the nuclear disaster side to enter novel that made allegations they were providing on health and profits to officials but experts say the contaminat

well b.p. is a very interesting is a very interesting company and it doesn't conform to either russian studio tapes or a waste of oil companies to take stock of its joint venture between companies and four of the richest men in russia to be individuals. it's a huge company a successful company very profitable company they come to his world so there are similarities about how you handle a dog. deputy chairman of the board. and nato i was the leader of the alliance that is the value one set what i will remember most from my time in nature. it's meeting children to the countries that meant to moscow to care for a decade later do you think his children live in a better world for instance if we take libya how come there been so much child casualty in libya during the helper racialist these children they will live in a better world a more prosperous world and a world designed chillies three years of a lot of the fear as the previous generations the world war a localized war so there is no doubt that

tony hayward is stepping down from angle russian oil from the b.p. less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is leaving to pursue other interests in the energy sector the departure comes at a sensitive time although in the piece failed attempt to join with what's next to explore the arctic their lines was broken by the russian partners and b.p. who are seeking compensation through the courts from the british parent company. let's have a look at the markets now oil prices low investors fear europe's debt crisis will harm economic growth tempering demand for rule materials lights which is currently trading at eighty six dollars per barrel while branches hovering at one hundred and eleven dollars. european markets to seeing heavy losses in early trade. it says one point three percent lower shares in u.k. lenders are under pressure after the independent commission told banks they will have to ringfence their retail li

and b.p. was to protect the people who work for b.p. at that time it's far as we can see none of the affected by by the internal turmoil that was going on but the priority is to stabilize libya but all will be part of the stabilize ation and reconstruction now back in two thousand and one did you know that the war on terror would take such a long time i think we all hoped that we would be able to deal with the help or traitor of the search was to quickly but i think you know for the troops to hear all that well you've got something that a lot of that that they that desperate you know criminal it was i'm going to see my thought of the people who were behind it you know and it's only a matter of. as i'm a ben alive that it rough justice the kind of justice that he made today and so many people before but you know we didn't think that it would go on for ten years but we said at the time. the campaign against terrorism would have to one for as long as was from. all some of bin laden's in the nation was a huge factor in this war on terror do

was to protect the people who work for b.p. at that time as far as we can see none of the world affected by by the internal turmoil that was going on but look the priority is to stabilize libya but the oil will be part of that stabilisation and reconstruction now back in two thousand and one didn't you know that the war on terror would take such a long time i think we all hoped that we would be able to deal with the perpetrators of this atrocity quickly but i think you know for the chief to haul there when you've got something. that big that desperate you know that criminal it wasn't going. to the people who were behind it you know and it's only a matter of months since i've been alive that it rough justice the kind of justice that he'd need to do and so many more before but you know we didn't think that he would go on for ten years but we said of the time. the campaign against terrorism would have to one for as long as one from one. a somewhat bin ladin's in the nation was a huge factor in this war on terror do you think at th

mean try all of here b.p. was to take the people who work for b.p. at that it's far as we can see that of the world affected by idea that was going on but the priority is to stabilize libya but the oil will be part of the stabilize ation and reconstruction now back in two thousand and one knows that the war on terror would take such a long time i think we all hoped that we would be able to deal with the perpetrator of this a choice to quickly but i think i'm long enough for the truth to who are there when you've got something that a lot of it that they that desperate you know that criminal it wasn't going to be a easy ride to the kid to the people who were behind it you know and it's only a matter of months. there's been a lot of the. rough justice the case of justice that he made today and so many people before but you know we didn't think that it would go on for ten years but we said at the time. the campaign against terrorism would have to warn for as long as we're. all some of the moderates in the nation was a huge factor in this war on terror do

of b.p. is stepping down as a non-executive director of team caden and that's less than a year after taking the post. let's take a look at the markets that almost started with oil prices are mixed as the u.s. dollar and that scale up earlier against the partial recovery came as the organization of petroleum expo. when countries set out some of its numbers could lower production as a slowing economy weakens the allied sweetness currently trading at eighty seven dollars and sixty five cents while the brunt is at one hundred twelve dollars and forty two cents per barrel all in the us markets are trading in negative territory as fears mounts over europe's debt problems especially after a credit rating downgrade of french banks. and european markets heavy losses shares in the u.k. lenders were on the plus after the independent commission told banks there would have to ring fence the retail office for one of the credit crisis. and european that worries of weight on the russian markets as well indic

british oil major b.p. wants to continue doing business in russia despite its growing problems in the country and that's according to a senior kremlin a sudden the british prime minister the company is stuck in legal battles with its russian partners in the joint venture it's named k b p earlier this year they blocked a deal between b.p. and ralston left to jointly explore the arctic and now they are seeking compensation for b.p. for breach of their shareholder agreements meanwhile tony hayward the former c.e.o. of b.p. is stepping down as a non-executive director of. and that is less than a year after taking the post. let's take a look at the markets we'll start with oil prices there are mixed as the u.s. dollar index gave up earlier gains a partial recovery came as the organization of petroleum exporting countries some of its members could lower production as a slow economy weakens demand light sweet is currently trading at around eighty eight dollars per barrel while bryant is approaching one hundred and

it says here you represent b.p. >> b.p. has been a good corporate citizen of the united states, and they work hard to produce products and services that are... that the american people really value? >> oh, my god, that is great. you're hired. >> i'm not sure i understand. >> oh, hold on, wait. i was just checking to see if a bolt of lightning was going to come down from the sky and strike us both. but it isn't. yay. >> you need to explain what your product is. >> we're a people company. >> how many people are you? >> we have a staff of four. two of which are children. >> is it a family? >> okay. it's family, okay. can you help us? >> no. >> i guess amerifam's not too big to fail, so unless they're going to expand like the duggers, they need to employ one last corporate strategy, relocate to an off-shore tax haven. now that you're flush with cash, it's time to leave. you speak maldivian, right? doesn't matter. >> this doesn't seem fair. >> yeah, fair is for suckers. you're a corporation now. bye, stacy, bye, rodney. see you

and b.p.'s problems in russia have just caught a looking worse the minority shareholders in the company's russian venture b.p. have doubled their compensation claim for b.p. as attempt to form an alliance with snit now they want five billion dollars they put down to a clear understanding of the damage caused by b.p. has failed to support shares and explore the arctic with all snapped the minority shareholders claim team gave the last potential income by being locked out of the deal with russia's biggest oil for the first court hearing a shuttle to happen in early october that's all we have time for now or joining in less than one us time for another business update so do stay with us. coming to. culture is that so much given to each musician are you trying to take back the flames try to keep any of the geopolitical order in the middle east and the arab world is ankara making a big to play the role of a regional hegemon on the back of. the book. to the with the beyond the beyond . the be. the bi

says its concerned its partners in the joint venture to b.p. might object to the deal earlier this year b.p.'s russian partners blocked its huge tie up with. now demanding for billions of dollars in compensation a court hearing on that case will take place on thursday. this be a reform of russia's banking sector may fall victim to the sacking of finance minister alex he couldn't which would haynesworth from rating believes that new measures to make it more transparent will now inevitably be delayed. everything is put into question by the change in the ministry of finance. however there are questions that need to be decided also you have to bear in mind the term of office for mystic motive is coming to an end and so the question is who is going to place mystic knots for all questions of future reform probably going to have to wait until we see who the new head of the central bank is going to be but they do need to be reforms to the situation around the situation so school all of the points that were bought. enough to be looked up so there are ar

minister david cameron and the delegation also includes blue chip companies like royal dutch shell b.p. and british airways british d.i.y. retailer their show will unveil a plan to open nine stalls in russia total investment could reach two hundred fifteen million dollars the u.k. is also expected to sign a deal with the russian state energy corporation which would help u.k. companies when contracts in russia's expanding nuclear industry. tony hayward is stepping down from russian oil for until less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is leaving to pursue other interests in the energy sector and the departure comes at a sensitive time for all the b.p.'s failed attempt to join with wilson have to explore the arctic the alliance was broken by the russian partners. who are seeking compensation for the courts from the british parent company. let's have a look at the markets now and let's start with the oil prices they are lower hasn't passed just fear

less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is going to pursue other interests in the energy sector departure comes out a sensitive time following b.p.'s failed it's time to join with force not so explore the arctic the alliance was broken by the russian partners in seeing k b p who are now seeking compensation this group of course from the british parent company. let's take a look at the markets now it will start with oil prices there are lower investors fear europe's debt crisis will harm economic growth tempering demands for all materials light sweet is currently trading at eighty six dollars per barrel while bryant is hovering at one hundred and eleven dollars. over in europe markets are seeing heavy losses shares and u.k. lenders are under pressure after the independent commission told banks they will have to ring fence their retail arms following the credit crisis the footsie is losing close to two and a half percent well that x. is down three a

b.p.'s problems in russia have just gotten a little worse the majority of the minority shareholders in the company's russian venture to be have doubled their compensation claim for b.p. said sam to form an alliance with ross left they now want five a billion dollars to put this down to a clear understanding of the damage caused by b.p.'s failed bits a swap shares and exploit the art that with rosneft the minority shareholders claim to give you the last potential income by being locked out of the deal with russia's biggest oil firm the first court hearing is scheduled to happen in early october that's how business looks the soured by. if. it is easy. to. see.

minister david cameron to russia the delegation includes blue chip companies like royal dutch shell b.p. and british airways british d.i.y. every sailor confession will unveil a plan to open nine stores in russia and the total investment could reach two hundred and fifty million dollars the u.k. is also expected to sign a deal with the russian state energy corporation which would help the u.k. companies with contracts in russia's expanding nuclear industry. and among other notable deals the russian state nanotechnology corporation is binah forty to fifty percent of the london based pro bono bio for an undisclosed amount the financial times describes the company as a new medical company launching the world's first molecular scale nanotechnology treatments probe on a bio plant celeste in moscow and london with them for years. tony hayward is stepping down from the anglo russian oil forum at seeing k b p and that's less than a year after joining the board as non-executive director the former chief executive all of p.p. who was fiercely criticised for his handling of the gulf of mexico oil

b.p.'s problems in russia have just gotten a little worse the majority the minority shareholders in the companies are rushing ventured seem to be have doubled their compensation claim for b.p.'s attempt to form an alliance with us that they now want five billion dollars they put this down to a clear understanding of the damage caused by b.p.'s failed bits of swap shares and explore that with that of the minority shareholders claimed. potential income by being locked out of the deal with russia's biggest oil firm the first court hearing is scheduled to happen. that's how business looks this hour by. he used to. be. watching r t live from moscow these are the top stories palestinians are taking to the streets of the west bank to show support for the early years bid to win u.n. recognition that's as russia tries to help them play on the world despite u.s. opposition. the u.s. is accused of encouraging the arab spring to achieve its own interest even though it sacrificed the position of its clo

he joined with ross left so explore the arctic the alliance was broken by the russian partners and b.p. who are now seeking compensation through the courts from the british parent company . let's take a look now at the markets and we'll start with oil prices there are lower as investors fear europe's debt crisis will harm economic growth temper and the rag for materials light sweet is currently trading at eighty six dollars per barrel runs is hovering at one hundred and eleven dollars. over in europe markets are seen heavy losses shares in the tailenders are on the pressure after the independent commission told banks they will have to ring fence the retail arms fall in the credit crisis and european debt worries are weighing in on the russian markets as well that and this is our extend their last week's losses in monday's trade the r.t.s. is news and more than four and a half percent of all the my sex is that almost three percent and let's take a look at some index movers on the my sex energy majors are losing ground with gastronomy losing over three percent banking stocks are also und

b.p.'s problems in russia have just gotten a little worse the minority shareholders in the company's russian venture to be doubled their compensation claim for b.p.'s attempt to form an alliance with ross net they not want five billion dollars they've put their down to a clear understanding of the damage caused by b.p.'s failed to sport shares and to explore the arctic with ross nipped in the north to shareholders claim teen p.v.p. last potential income by being locked out of the deal with russia's biggest oil farm the first court hearing a shuttle to have been in early october. that's all we have time for not joining me for another business update in less than one is time and get more stories and analysis from our website archie dot com slash business. welcome to the fear of the weapons grade plutonium just turned into a vital new resources nuclear waste becomes a fuel friendly to the environment and energy outpost among the ends of the earth russian scientists lead the way in making these

tony hayward is stepping down from the anglo russian oil firm at seeing play b.p. and that's less than a year after joining the board as a non-executive director the former chief executive all of the people he was fiercely criticized for his handling of the gulf of mexico oil spill is leavin super c all their interest in the energy sector the departure comes at a sensitive time following b.p.'s failed attempt to join with rosneft to explore the arctic the alliance was broken by the russian partners in the who are now seeking compensation through the courts from the british parent company. and that's all we have time for this hour the headlines are next with bill. mission free cretaceous and free. free. range month free. free stooge free. video for your media projects a free. trip . to true sports hotel. and see if. you visit. the resolution of the syrian crisis in the way of political and economic. generating power. into the national grid was built with the help of russia will reach its full capacity at the end of the year. italy moves closer to the center of the e

b.p. have doubled their compensation claim for the attempt to form an alliance with or snapped they now want five billion dollars they put this down to a clear understanding of the damage caused by b.p. has failed bid to send explore the arctic of course that minority shareholders claim to. b.p. lost potential income by being locked out of the deal with russia's biggest oil from the first court hearing a shuttle to happen. so we have time for now for more stories you can log onto our website charge dot com slash business and in the meantime stay tuned for the headlines with not. you are. this was a city. of about one hundred ninety thousand people and we had eighty thousand people working for general motors. or a job that depended on general motors. general motors if it's not relation to you it might be your neighbor or somebody you knew so it's kind of a family run business you know myself i'm third generation my father was working there and you have a lot of two three and four generation

b.p. have doubled the compensation claim for b.p. as attempts to form an alliance of all snapped they now want five billion dollars they put down to a clear understanding of the damage caused by b.p. has failed to support shares and explore the article for snaps in minority shareholders claim to be a lost potential income by being walked out of the deal with russia's biggest oil from the files to court hearing a shuttle to happen in early october that such binocular up to date. in two thousand and ten especially economic zone for industrial production was established in russia some are reached with a total area of six hundred sixty eight as. its investors are granted exclusive tax and customs benefits which includes a five year exemption from property lands and transport taxes as well as an income tax reduction to fifteen point five percent. the special economic zone operates as a free customs own which enables manufacturers to market their products in russia free of encouraging teams to some our region is he said is currently witnes

of b.p.'s problems in russia have just got a little worse the minority shareholders in the company's russian venture to double their compensation claim for would be please attempt to form an alliance with rosneft they now want five billion dollars they put this down to a clear understanding of the damage caused by b.p. has failed bid to support shares and explore the arctic with ross net but minority shareholders claimed kincaid b.p. lost sensual income by being locked out of the deal with russia's biggest world from first quarter fearing a shuttle to help win over. ok that's it for now you're up to date for more stories you can head to our website archelaus counsellors business or join in for another business update in less than one else time so just stay with us. thank you for the future of the weapons grade plutonium does come into our vital new research nuclear waste becomes a fuel serenely to the environment and energy outposts among the ends of the earth russian scientists lead the way t

have doubled their compensation claim for b.p. as attempt to form an alliance with all snipped they now want five billion dollars they put this down to a clear understanding of the damage caused by b.p.'s failed bitch just walk shares and explore the arctic with doorstepped the minority shareholders claim people lost potential income by being locked out of the deal with russia's biggest oil farm the first court hearing is set to happen in early october. that wraps up the business bulletin for more stories you can head to our website r.t. dot com slash business. culture is that so much of a given to each musician our entire tax code the defense of turkey and the maybe geopolitical order of the middle east and the arab world is ankara making a bid to play the role of a regional hedge of mine on the back of. the old german for the future of the weapons grade plutonium is turned into a vital new resource nuclear waste becomes a fuel friendly to the environment and energy outposts in light of the ends of the earth russian scientists le

and business stresses elimination pumping is a lucrative contract with b.p. as a result of the company's long lasting conflict with the us we'll bring you the latest on that this is. one pm in moscow i'm not treasurer good to have you with us here on r t our top story senior officials from the e.u. and i.m.f. are expected in greece to study the country's progress in reducing its debt and they'll decide whether to release further a bailout cash or swallows angry protests tuesday after the government passed the most unpopular round of austerity measures yet for more on this we go live to our chief sorrow for standing by for us in athens tell us more about the steps greece has been taking to qualify for a latest round of ballot money. well we saw a very positive restaurant yesterday for five minutes it was patent he was in berlin just seeing the heads of industry there and we had very similar statements coming from the german chancellor and now we know that the team heading to greece and they're going to be holding talks here about whether to release the next tr

minister david cameron to russia the delegation includes blue chip companies like royal dutch shell b.p. and british airways british the i y. retailer kings for sure has unveiled a plan to open nine stores in russia total investment could reach one hundred eighty million dollars also engineering firm rolls royce has agreed to jointly develop nuclear power with the russian state energy corporation. and among other notable deals the russian state nanotechnology corporation is fine a forty to fifty percent off the london base pro bono bio for an undisclosed amount the financial times describes the company as a new medical company launching the world's first molecular scale nanotechnology treatments pro bono bio plants celeste and moscow anyone within four years. tony hayward is stepping down from the anglo russian oil firm seeing k.b. p. and that's less than a year after joining the board as a non-executive director the former chief executive of b.p. who was fiercely criticized for his handling of the gulf of mexico oil spill is leaving super sue other interests in the energy sector the de

might object to the deal earlier this year b.p.'s russian partners blocked its huge tie up with ross now and now demanding for billions of dollars in compensation a court hearing on that case will take place on thursday. take a look at how the markets are doing the russian markets slightly higher than my six is up point three percent while the r.t.s. is just a notch now let's take a look at some individual share moves on them isaac's energy majors are trading in negative territory lower crude both gospel monreal snapped a losing more than one percent meanwhile concerns about european debt are weighing on financials the bank is down almost one and a half percent so among the gain is is noise can make you that's up seven percent the company jumped the most in three weeks after it started accepting bids for its four billion dollars buyback program. now all is seeing new set of losses they had reports that may signal a slowdown in global growth investors expect figures to show that u.s. durable goods orders fell and european consumer co