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BP CEO Tony Hawyard, who's quickly become the public face of the Gulf Oil spill, will be stepping down within days, according to reports in the British press.
The move is expected to come in anticipation of the company's announcement of its first-half results on Tuesday. BP will announce that it has made approximately $10 billion this year, even while contending with the largest oil spill in history, the U.K.'s Telegraph reports. Here's Telegraph :
The chief executive of BP, Tony Hayward, is finalising the details of his imminent exit from BP this weekend as the oil giant prepares to make an announcement on the chief executive's future possibly within the next 48 hours.
After a weekend of detailed negotiations over Mr Hayward's severance package, it now appears almost certain that he will announce his departure ahead of BP's half year results on Tuesday.
The Wall Street Journal reports that BP is currently discussing Hayward's departure:
Under the plan being discussed, Mr. Hayward would not necessarily depart immediately, these people said, giving the company time to settle on a successor and devise and orderly transition. It is possible, however, that the board could move more quickly in tapping a new chief.
The U.K.'s Guardian also relays news of Hayward's imminent departure, and reports that he will be replaced by Bob Dudley. Dudley is managing the day-to-day Gulf Oil spill operations.
But in a statement issued to Dow Jones Newswires, a BP spokesman said: "Tony Hayward is the chief executive and has the confidence of the board and senior management."
This was obvious. The plan was to keep him in place during the entire mess of the spill and coverup, make him look like the face of the whole spill and then get him to leave and hopefully take some of the bad image with him.
Oil from the BP blowout is degrading rapidly in the warm waters of the Gulf of Mexico and becoming increasingly difficult to find on the water surface, the head of the National Oceanic and Atmospheric Administration said Tuesday.
"The light crude oil is biodegrading quickly," NOAA director Jane Lubchenco said during the response team daily briefing. "Significant oil has been dispersed and broken down by bacteria."
Lubchenco said, however, that both the near- and long-term environmental effects of the release of several million barrels of oil remain serious and to some extent unpredictable.
"The sheer volume of oil that's out there has to mean there are some pretty significant impacts," she said. "What we have yet to determine is the full impact the oil will have not just on the shoreline, not just on wildlife, but beneath the surface."
But much of the oil appears to have been broken down into tiny, microscopic particles that are being consumed by bacteria. Little or none of the oil is on seafloor, she said, but is instead floating in the gulf waters.
Her conclusions come from the work of several NOAA boats now collecting water samples, as well as the analysis of academics brought in to help study the spill effects. The goal, she said, is to get a scientifically sound assessment of the overall environmental effects of the spill. "We're close to being able to put together a comprehensive picture of what is still out there -- how much has been removed by skimmers and burned off and how much remains," she said. "We're getting close to an answer."
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Lubchenco also said that five boats are now patrolling the gulf for sea turtles, scores of which have been found dead on shorelines. She said the rescue teams had caught 180 turtles that appeared to be stressed by oil, and that 170 are now in successful rehabilitation.
NOAA has been at the center of several disputes about what has been happening to the oil from the BP well. Early reports by university scientists of large plumes of oil moving below the water's surface were generally dismissed by NOAA, and the agency has also determined that the sea turtles and sea mammals that washed up onshore after the spill do not appear to have died from the oil. These conclusions have led some to charge NOAA is underestimating the spill's environmental damage.
A significantly more optimistic assessment of the environmental effects of the oil well blowout came Tuesday from Edward Owens, who worked with Exxon for four years on the Alaska-Valdez spill and who has been hired as a consultant to BP. Owens was quoted by AFP as saying the fragile Louisiana marshes would be close to pre-blowout condition within months and that the environmental impact on the gulf as a whole would be "quite small."
Lubchenco rejected the sanguine conclusions of a BP restoration consultant. "Anyone who classifies the results of the accident as anything less than catastrophic has not been watching," she said.
Federal officials do agree, however, with the assessment of BP chief executive Tony Hayward, who told investment analysts Tuesday, "it is increasingly difficult to find oil in sufficient quantities to skim or burn."
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