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Sunday, January 17, 2016

when clean water becomes a prized "collectible"

clean water on earth is life.

supply and demand: who is ruining the basis for life on earth? not my kind! (we quit years and years ago.
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"But since last summer, those retirees have had to contemplate not only the loss of the Champlin name, but also the company itself.

That's when Union Pacific Resources agreed to a merger that would fold the company into Anadarko Petroleum and move its Fort Worth operation to Houston. The move is expected to be completed by the end of the year.

The Champlin name has joined Humble, Skelly, Magnolia, Sinclair and other extinct giants from the energy past that live on through collectibles and the memories of the people who made them great. …"

https://www.highbeam.com/doc/1G1-66952884.html

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NEW ORLEANS, Dec. 2 (UPI) -- Anadarko Petroleum said it was reviewing its appellate options in the wake of a $159.9 million penalty tied to the 2010 oil spill in the Gulf of Mexico.

Anadarko held a 25-percent stake in the Macondo well that failed, triggering the cascading series of events that led to the fatal Deepwater Horizon oil spill in the Gulf of Mexico. U.S. District Judge Carl Barbier in New Orleans charged the company a penalty of $159.9 million for its part in the consortium behind the spill.


http://www.upi.com/Business_News/Energy-Industry/2015/12/02/Anadarko-reviewing-penalty-for-Gulf-oil-spill/6391449065057/

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"The name Macondo had been the winning selection in a BP employee contest as part of an internal United Way campaign.

 It comes from the fictitious cursed town in the novel One Hundred Years of Solitude by Colombian Nobel Prize-winning writer Gabriel Garcia Marquez."

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In April 2014, Anadarko settled with the Federal Government to pay over $5 billion to clean up environmental waste sites around the country. It was the largest environmental contamination settlement in American history.

The environmental contamination sites were inherited by Anadarko after it purchased Kerr-McGee in 2005. As background, Kerr-McGee had spun off the company Tronox to offload generations of environmental dumping of toxic waste across 22 states beginning in the 1920s.

According to one report, "Kerr-McGee, rather than pay for the environmental mess it created, decided to shift the liabilities between 2002 and 2006 into Tronox. Kerr-McGee, meanwhile, kept its valuable oil and gas assets."

 Anadarko then purchased the "clean" portion of Kerr-McGee free of its legacy of environmental dumping. In 2009, shareholders of Tronox sued Anadarko (successor to Kerr-McGee) for having misled investors about the large environmental and other debts Tronox would inherit from its parent corporation.

 The environmental pollution included polluting Lake Mead in Nevada with rocket fuel, leaving behind radioactive waste piles throughout the territory of the Navajo Nation and dumping carcinogenic creosote in communities throughout the East, Midwest and South at its wood-treating facilities.
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In April 2014, the federal government reached an over $5 billion settlement with Anadarko in the largest environmental contamination case in American history

https://en.wikipedia.org/wiki/Anadarko_Petroleum
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