concerning the access to compensation funds so you for over a year b.p. claim that the settlement process was unfair because individuals that suffered no harm were allegedly scamming the company and a billions of dollars unfortunately for b.p. the fifth circuit court didn't fall for that argument and rejected the corporation's appeal now of b.p. trying to block payouts isn't enough to convince you of its greed and moral bankruptcy statements from the company's own employees might and the article written by investigative journalist highlights current and former b.p. officials who are disgusted with how the company has reneged on its pension promises to employees and warns deepwater horizon oil spill victims to expect the same kind of treatment see according to russell's stouffer a former b.p. head of finance for the gulf of mexico the company has cut hundreds of employees pensions by up to seventy five percent from what they were originally promised back in one thousand nine hundred seven another former employee kurt wardlaw compared the pensions of jewish

to do the right thing in the gulf of mexico should be aware of b.p.'s unfair and callous treatment of employees failure to adhere their own code of conduct and the unwillingness to hide behind a standard of we did what was technically legal but it's not just former disgruntled employees speaking out against the company for its good news and current b.p. employee and alaska actually went on the record to speak about deepwater horizon because he says his union protects him from retaliation good there said quote it would not surprise me that b.p. is not compensating folks when i saw them backing out of their promises in the gulf i said yep welcome to my world listen it would be one thing that this was a struggling mom and pop business failing to compensate their employees and victims of its own gross incompetence and criminal negligence no this is being. a multinational money hoarding machine all things considered one would think that bad press would have at least cut into b.p.'s profits by now but i guess the millions of dollars that companies spend on p

b.p. wins the right to drill in greenland for pristine ice after promising it will be careful but activists are unconvinced pointing to its checkered past and the gulf of mexico disaster as warnings of what's to come. the security collapse in iraq worsens a wave of bombing killing twenty people in the capital as al qaeda offshoot exploits the dire situation to gain control over the city pollution. and britain's pm threatens to take on the e.u. over cutting welfare to immigrants by critics say it's a cynical move toward the lure voters back from the right. hello and welcome you're watching r t international live from moscow with me and he said no way our top story greenland has decided to open up one of the world's most pristine environments to oil drilling and b.p. is already rubbing its hands the company responsible for turning the gulf of mexico into an ecological catastrophe nearly four years ago has been given exploration rights in eastern greenland greenpeace says it beggars belief th

b.p. wins the right to drill in greenland pristine ice after promising it will be careful but activists are unconvinced pointing to the gulf of mexico disaster and the firm's checkered past as warning of what's to come. a security collapse in iraq worsens a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city solution. and britain's pm threatens to take on the e.u. over cutting welfare to immigrants but critics say it's a cynical move to bore voters back from the right. oh. that's twelve noon in moscow you're watching r t international with me and he said now it good to have you with us straight to our top story this hour greenland has decided to open up one of the world's most pristine and dangerous environments to oil drilling and environment so one forgiving in fact that many international oil giants have shied away from getting involved because of the potential risks but not b.p. the company responsible

well for b.p. these past few years have not been kind when it comes to its track record in two thousand and five fifteen people died and almost two hundred were injured in an explosion at a b.p. texas refinery the company admitted its ignored safety procedures a year later leaks have been a lot going to field spilled almost a million tons of crude into the landscape there in two thousand and ten the deepwater horizon rig exploded sparking the worst offshore oil spill in u.s. history doing incalculable damage to livelihoods and the environment and finally a year later thousands of tons of chemical that a mix of water and oil were spilled when a pipeline berth in another alaskan oil field this track record was of special concern to greenpeace an arctic campaigner who we spoke to and he told us that greenland should think twice it's very important to green only government and the green only population is aware that the risks taken with you have been moments of consequences but also have is a spill hap

despite its mighty gulf of mexico mass b.p. wins the right to drill for oil in greenland even though the fragile environment song even its competitors shy away. iraq's security collapses in the country worsens a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city of colima shot. and britain's pm friends to take on the e.u. over cutting welfare to immigrants but critics say it's a cynical move to lure voters back from the right. a warm welcome to you this morning from moscow where it's eight am here with r.t. international in and use it now it good to have you with us. our top story greenland has decided to open up one of the world's most pristine environments to oil drilling and b.p. is already rubbing its hands the company responsible for turning the gulf of mexico into an ecological catastrophe nearly four years ago has been given exploration rights in eastern greenland greenpeace says it beggars belief that a firm with such a checkered histor

concerning the access to compensation funds so you for over a year b.p. claim that the settlement process was unfair because individuals that suffered no harm were allegedly scamming the company and a billions of dollars unfortunately for b.p. the fifth circuit court didn't fall for that argument and rejected the corporation's appeal now of b.p. trying to block payouts isn't enough to convince you of its greed and moral bankruptcy statements from the company's own employees might and the article written by investigative journalist highlights current and former b.p. officials who are disgusted with how the company has reneged on its pension promises to.

ambitions however not everyone is as thrilled to colleges have already blasted the move pointing at b.p.'s checkered record describing the arctic environment as very fragile they say that even a minor oil spill in the crystal clear waters of greenland could cause a major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic but by letting all companies into its waters greens join the race the resources of racing which many nations are already competing you're diverting from the nansen institute in norway explain to us why the regions become so important these days. well i guess we're all recent climate change that makes the arctic ocean ice cover melt at. a record high paced however i also think that technology is well less prices are gas and natural resources overall are matters a lot and explaining this new interest as well as activity taking place in arctic

ambitions however not everyone is as thrilled to colleges have already blasted the move pointing at b.p.'s checkered record describing the arctic environment as very fragile they say that even a minor oil spill in the crystal clear waters of greenland could cause a major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic. they will discuss this for an issue from mr greenland he said the drilling project of vital importance to the country into the well being of its people. one has to understand that first of all the the green economy todays is heavily dependent on block grants from the danish government almost forty percent of the government budgets and low budget this is block grant from from denmark green and society needs to establish new new economic activities and since the opportunities and the christian children limits it to with regards to for instanc

baffin bay has already been underway for some time by the likes of shell chevron and exxon mobil but b.p. and its partners will now explore the m.r.o. concession in the north east which amounts to thousands of square kilometers some believe there may be a huge reserves of oil there up to one hundred ten billion barrels potentially the largest in the whole of the arctic the decision of greenland leadership is a complete u. turn from what it said only nine months ago when a moratorium on any further drilling was imposed due to environmental concerns the latest move is understood to be tightly connected with greenland strive for independence from denmark for now it's been relying solely on its faltering fish industry and grants from copenhagen but it's also known to have vast reserves of diamonds gold rare metals as well as having the world's second largest reserves of fresh water but clearly it's the black gold which could make greenland both economically and politically independent and the government is happy to have more international oil giants on board to boost these ambitions however

say that even a minor oil spill in the crystal clear waters of greenland could cause a major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic my colleague kevin allen discussed the environmental debate over the drilling in greenland with a greenpeace activist and he believes that it will be impossible to clean up after an oil spill and that the government should look for other economic solutions. it's new technology to clean up the spill not sure whether it's because this cold means that you will have to remove all the all the oil manually there will be no not for the grid ation and you won't be able to use technologies in my minutes like the greenlandic ones extraction of oil and gas would of course though give greatly as a color a much needed boost so should the country really be denied these cave results is because of environmental concerns that you up wi

say that even a minor oil spill in the crystal clear waters of greenland could cause a major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic by letting while companies into its waters greenland has joined the race for arctic resources and race in which manny nations are already competing from that hansen institute in norway explain to me why the region has become so important. well i guess we're all recent climate change that makes arctic ocean ice cover melt at. a record high paced however i don't think technology is well less prices oil and gas and natural resources overall matters a lot and explaining this new interest as well as activity taking place in arctic most of these resources are actually within in dispute. sovereign states control so i think we should. should more look at the economy and it rather than the potential scramble and clash between s

major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic we discussed the issue with the former prime minister of greenland he said the drilling projects are of vital importance to the country and to the well being of its people. one has to understand that first of all the the green economy todays is heavily dependent on block grants from things governments almost forty percent of the government budgets and low budget this is block grant from from denmark green and society needs to step its new new economic activities and for. the opportunities and the christian children limited time with regards to for instance expanding the fisheries or create jobs within actually culture or tourism it's all very limited we have to look at the minerals sic to us well we know from all of the

say that even a minor oil spill in the crystal clear waters of greenland could cause a major disaster b.p. officials say they will take several years to carefully prepare for the challenging exploration work given the intensity of environmentalists criticism it's almost guaranteed that this period will be marked by the protests of those opposed to any drilling in the arctic. now by letting oil companies into its waters greenland has joined the race for arctic resources a race in which manning nations are already competing why is this region so important hopefully to answer that question we're now joined live by new york from the denton institute in norway think it's so much mr reagan for joining us here in r.t. to talk about this well you know as we know when you as a researcher probably know a very well that for many years the arctic has been the interest of scientists i mean they were placed there they studied the region several but why has it become now the focal point of so many countries interested in it well i mean there are all recent climate change that makes it to go to. cover me

you b.p. down over 2%. ironically, perhaps with a little bit less geographic exposure and structural exposure than shell, is up .8%. let me take you back to the banks. we have a note on banks this morning. this is quite interesting as we go into reporting season. the banks in europe have been the best performing industry group since the start of 2014. they are saying if history has anything to say about it, down they go. they say deutsche bank, the value has been overdone. nordea is their buy. the value is good relative to their peers. santander, they say get ready for more disclosure in spanish banks. you know what? we'll leave it there. no point in trying to stuff a turkey and tell you about the dollar. >> let's not stuff the turkey. rule on bank capital has potential spark problems in denmark. what can be done to avoid it? david, this is related to denmark's mortgage-backed covered bond market? >> exactly, francine. this covered bond market is four times the size of the sovereign debt market here in denm

and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> this is shaybah, a desert wilderness where temperatures can reach 135 degrees. beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. and it's costing billions and billions to tap into it. with all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. let me be blunt: is it your hope to prevent a switch away from oil? somebody said the country is the oil business. i mean, you absolutely need to do this for your own survival. >> and what's wrong with that? [ticking] >> when the u.s. oil companies came here in the '40s and '50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. they created a replica of american suburbia. today you could be in the outskirts of houston or los angeles. it's almost like it's an enclave within saudi arabia. it's--different from the rest of the count

b.p. wins the right to drill in greenland pristine ice after promising it will be careful but activists are unconvinced pointing to the gulf of mexico disaster and the firm's checkered past as warnings of what's to come. and to cure or to collapse in iraq worse to a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city of pollution. and britain's pm threatens to take on the e.u. over cutting welfare to immigrants but critics say it's a cynical move to lower voters back from the right.

. >>> and the settlement has been upheld against b.p. in connection with the oil spill this the gulf of mexico. in october the company projected the cost of the settlement at more than $9 billion, but said it could go significantly higher. the explosion of the deep water drilling rig and rupture of an oilwell killed 11 people and led to the biggest off shore oil spill in u.s. history. >>> major league baseball's arbitrator reduced alex rodriguez's suspension. it's the longest drug suspension in baseball history and rodriguez will forfeit his yearly salary, $25 million. he may challenge this ruling in federal court. >>> large parts of a tibetan city, one of several claiming to be the inspiration for the fictional paradise shrangly what burned to the ground today. >>> for more on the life of ariel sharon, margaret warner. >> he was one of the most controversial figures. a ferocious military strategist and hard nosed politician whose life and career spanned the entire 65 year history. at just 20, ariel sharon shone as a platoon commander in

despite its mighty gulf of mexico mass b.p. wins the right to drill for oil in greenland even though the fragile environment song even its competitors shy away. iraq security caught in the country worse than a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city of poems. and britain's pm friends to take on the e.u. over cutting welfare to immigrants the critics say it's a cynical move to lor voters back from the right.

totally ok if i used toxic plastic in the packaging there out it explains why you see corporations like b.p. talk for hours on end about how they're the best in the industry when it comes to safety but they're the ones who caused the deepwater horizon spill a very not safe accident indeed in the paper's conclusion the researchers state that given leaders' propensity to engage in wrongdoing after they've engaged in c.s.r. boards should be particularly careful after the successful implementation of c s our strategy to ensure that leaders do not become complacent in other words if your c.e.o. has just done something wonderful it's time to keep an eye on or look it's great that corporations are becoming more aware of the fact that their customers would like them to be more socially and environmentally responsible but the truth is these reports are often just stupid marketing tools in fact they're often created by sustainability reporting consultants who said that employees at the corporations often don't even understand what the hell the consultants are talking about the bottom line is if a cor

despite its mind the gulf of mexico massive b.p. wins the right to drill for oil in greenland even though the prime trial environment song even its competitors shy away. from a security collapse in iraq worsens a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city of fallujah. and britain's pm threatens to take on the e.u. over cutting welfare to immigrants but critics say it's a cynical move toward voters back from the right.

b.p. wins the right to drill in. greenland's pristine ice after promising it will be careful but activists are unconvinced pointing to the gulf of mexico disaster and the firm's checkered past as warnings of what's to come. a security collapse in iraq worsens a wave of bombings killing twenty people in the capital as an al qaeda offshoot exploits the dire situation to gain control over the city. and britain's pm threatens to take on the e.u. over cutting welfare to immigrants critics say it's a cynical move to lure voters back from the right.

it's now in action and what that means is he was appealing to an audience of the likes of to tell any b.p. exxon mobile and he was saying to them look we are ready to engage those were his words and we know that he is considering the recession declined five percent. he's got a seventy five million people population to contend with so i say that that was a pretty big deal this week mr rouhani turning up now i want to ask you what were some of the most surprising that was surprising or what were some of the other most surprising events to take place during this year's forum. well there's always surprises and i think one of the eyewitness myself was the lead singer of u two up on the stage with david cameron because he's always extremely critical of the british government and their policies and i was really interested to what he had to say because let me just rewind to old memories because back in two thousand and six he described davos quite famously as fact cats in the snow i now today he was actually quite complimentary a more he said because he praised the fact that tax evasion is being

and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley."shaybah, a desert wilderness where temperatures can reach 135 des.

lot about the oil transport in refinery business from the explosion that took place in the gulf when b.p. just committed this most horrendous crimes down here on the gulf coast well we're seeing the same thing play out with the with the rail industry now what you have to is you have a rail industry that simply does not have the infrastructure to be able to handle most of this traffic where there's been an explosion the traffic traffic almost five hundred percent north dakota is a great example sixty new transport sections put together in tracks for north dakota well part of the tracks are still the old you know business as usual you have industry continuing to externalise all the risk for the american public industry right now is the rail industry is making a ton of money by transporting all that doesn't mean that they're preparing for the worst these cars for example that exploded that burned for days been seen all over that community that cost taxpayers money by way of police firefighters in t.s.b. investigations health investigations all of that fell on the taxpayers' back now the peo

b.p.'s figure is $40, and devon energies is $15. some of the biggest carbon emitters in history are preparing for a price on carbon. let that sink in for a second. the emitters have already baked into their planning a price on carbon, among other reasons because they know it's the right outcome. who else is using internal carbon pricing? well, google assesses an internal carbon fee of $14 per metric ton that it uses to invest in green initiatives. likewise, microsoft charges each of its organizational divisions a quarterly carbon neutral fee of $6 to $7 per metric ton. the revenue from those divisions for that carbon fee goes very similar to google to a central fund to support carbon offset projects. microsoft even published a carbon fee play playbook as a guide for businesses looking to establish their own internal carbon fees. walt disney company -- talk about a name plate company -- walt disney charges its subsidiary businesses a carbon fee based on their share of the company's overall footprint. the higher the carbon footprint,

we have special numbers come from the government but we have a 8 b.p.for 2014. the more jobs we create, the more tax we create and a more consumer spending would create that gets people buying tv's a restaurant on vacations. waiters and waitresses pilots. it's a positive positive. again where with the new normal of and a wannabe. we will see its jobs report on friday to help confirm this. small numbers added to the big chunk of jobs. versus large companies. >>: we have comcast showing that more subscribers to growth. the first time happening in 26 months adjust a this is a loser. >>: one month doesn't make a trend. c e l is talking about we have a voice activated remote control. not good enough for me. i want more. and a demo he shows if you what the black list and you miss various other sold it will show you a check mark next to the one you've seen versus the one you've not three it confine writing to melt the time of is that everyone loves. to me, people under 30 is are tired of paying so much for capable. digital tv is up there now flexes out there t