In a nutshell, there are three accounts to the triple bottom line (TBL) — People, Planet and Profit. Profit is often formulated by a team of accountants and carefully monitored by management, but what about the other two components?
BP and its traders routinely manipulated prices to overcharge California as much as $300 million when it sold natural gas to the state, California and a fired BP employee allege. The BP employee, who had helped administer $2 billion in exclusive gas contracts with California, filed the case as a whistleblower.
The government had claims for 5,295 deaths, 4,902 cases of permanent disability and 42 cases of severe injury relating to the 1984 Union Carbide gas leak. Activists have been calling for 22,917 deaths, 508,432 cases of permanent disability and 33,781 cases of severe injury to be included in the petition.
Dant Clayton makes and installs stadium seating, but says the whiskey fungus is destroying his inventory. In a matter of months, aluminum seating samples that can cost $25,000 to make are so covered with black spots that they can't show them to prospective clients.
DuPont officials said it's still not clear what caused a toxic chemical to leak from a valve at a suburban Houston plant, killing four workers and injuring a fifth. The workers were exposed early Saturday while responding to the leak that started around 4 a.m.
Fireweed Farms sold about 300 pounds of pot to state-licensed processors and retailers. Bidding took place under a black tent fronted by tall heaters, and the event was monitored by at least two representatives of the Washington Liquor Control Board. Bidders could smell plastic bags before offering a bid, but consumption was forbidden.
Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion. The deal comes just days after talks had stalled and Halliburton prepared to go hostile with its takeover bid. The combined company would generate slightly larger revenue than Schlumberger Ltd., the world's biggest oil services company.
Yesterday, GE added Brazil to its list of global research centers when it opened the Brazil Technology Center in Rio de Janeiro, its first R&D center in Latin America. The gleaming $500 million center has come a long way since GE’s R&D beginning more than a century ago: a barn behind the house of engineer Charles Steinmetz.
A federal judge in New Orleans is sticking to his ruling that said BP's conduct in the 2010 Gulf of Mexico oil rig disaster amounted to "gross negligence." It could mean close to $18 billion in federal penalties for the oil giant.
Previous agreements required Freedom to remove all contaminated soil and groundwater. The new agreement leaves that option on the table, but also allows Freedom to apply for the Land Restoration Voluntary Remediation Program. During bankruptcy proceedings company officials have said this program would be less expensive.
The three men were trying to heat a frozen high-pressure water line in below zero temperatures at the well site when it ruptured. One man was hit by a stream of water and died from the impact.
Don Blankenship has become the highest-ranking coal official to face federal charges in the nation's deadliest mine disaster in 40 years. A federal grand jury indicted the former Massey Energy CEO on numerous counts of conspiracy stemming from the April 2010 explosion that killed 29 men at the Upper Big Branch Mine in Montcoal, West Virginia.
Two of three businesses targeted by Harris County prosecutors in a lawsuit over polluting the San Jacinto River in Texas with poisonous paper-mill waste have agreed to pay $29 million to the county and state. The EPA says the compound in question is so toxic that there is no safe level of exposure.
However, there is significant uncertainty over the crude oil price forecast because of the range of potential supply responses from OPEC, particularly Saudi Arabia, as U.S oil producers project higher production levels that would drive prices down.
According to OSHA, service and maintenance machine workers at Good Old Days Foods, Inc. are being exposed to amputation and electric shock hazards due to a lack of machine guarding and lockout/tagout procedures.
A group of Illinois landowners has sued the Department of Natural Resources to stop the state's new rules for high-volume oil and gas drilling from taking effect. The lawsuit seeks a preliminary injunction, claiming the DNR violated several rulemaking procedures.
Bacon production is being moved to Coshocton, Ohio, which already produces about two-thirds of the company's bacon product. A spokesperson said Kraft is considering bringing other production lines to Kirksville but nothing specific has been decided.
Over 20,000 gallons of uranium solution was spilled July 17 at the Nichols Ranch in-situ uranium mine. In-situ uranium mining involves pumping chemicals underground to release uranium into a solution that is pumped to the surface. No shafts or tunnels are dug underground.
Another 126 workers at the Remington Arms manufacturing plant in the Mohawk Valley are being laid off. In August, 105 people were laid off at Remington's plant in the village of Ilion, 55 miles east of Syracuse.
This total was up 77.3 percent from August and 61.4 percent when compared with September 2013. Year-to-date totals are up 5.2 percent compared with 2013, according to the Association For Manufacturing Technology's (AMT) monthly report.
Manufacturing is an ever-changing industry, where manufacturers and processors face new issues and concerns every year. Since this year is no exception, here are a few of the top concerns.
An appeals court reinstated a lawsuit filed by a whistleblower at the Hanford Nuclear Reservation in Washington who claims he was fired by a subcontractor after raising safety issues at the nation's most polluted nuclear weapons production site.
BP lawyers had said Patrick Juneau should be removed for a variety of reasons, among them that he had a conflict of interest because he once represented Louisiana in talks setting up the claims process and had pushed for favorable terms for those with claims.
State officials said that after a similar bee die-off last year, it prohibited the use of certain pesticides on linden trees when bees would be attracted to the flowers, and the company and the applicator should have known about that prohibition.
The chairman and CEO of energy giant Continental Resources, Inc. must pay his ex-wife nearly $1 billion as part of a divorce settlement. The court order directs Harold Hamm to pay his ex-wife, Sue Ann Hamm, $995.4 million for "property division alimony."