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Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors

OilPrice.com -- Oil and gas companies are doing a terrible job of disclosing climate and deepwater drilling risks, even in light of the tragic Gulf of Mexico oil spill, according to a new report.

While companies are making extensive capital investments related to climate change and deepwater drilling, they are generally failing to adequately disclose the associated risks in a manner consistent with US Securities and Exchange Commission’s (SEC) rules and growing investor expectations, according to a report co-authored by Boston-based investor coalition Ceres and advisory firm David Gardiner & Associates.

The report evaluated SEC filings for the 10 largest US-listed oil and gas companies – Apache, BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Marathon, Shell, Suncor and Total – none of which received an e

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Submitted Aug 06, 2012 By: Gas_Eyes
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Companies Still Hiding the True Risks of Deepwater Drilling from Investors Post a Reply Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 9, 2012 12:00:17 AM
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If Pig Oil's mouthpiece, OilPrice.com, is bringing this up, then it stands to reason that this is solely the tip of the iceberg.
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teafortwo
Champion Author Washington

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Message Posted: Aug 8, 2012 6:36:35 AM
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NHLiveFree and jrsva have both made very interesting points ....
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Gas_Eyes
Champion Author Dallas

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Message Posted: Aug 8, 2012 2:12:14 AM
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Most of the drilling are not done by big oil companies but are farmed out to oil services companies. Big oil should disclose what they are doing.
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jrsva
Champion Author Virginia

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Message Posted: Aug 6, 2012 7:24:18 PM
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Most of the easy oil has been recovered. Drilling in deep water and other hostile places increases the cost and the risk of oil production. The sooner we have viable alternatives to petroleum fuels the better off we will all be.
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us4usa
Champion Author Missouri

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Message Posted: Aug 6, 2012 7:06:28 PM
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Same with car salesman/DC, still hiding the true risks...
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Vette1967
Champion Author Albany

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Message Posted: Aug 6, 2012 6:56:01 PM
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They wouldn't do that.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 6, 2012 6:45:18 PM
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Most of the Big Oil resident shills and spin doctors are MIA on this news article. Interesting?
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 6, 2012 6:41:24 PM
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Big Oil is right up there with Wall St and the mega Banks for a total lack of ehtics and trustworthiness!
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arb0526
Champion Author Greensboro

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Message Posted: Aug 6, 2012 6:38:40 PM
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Oil companies pray to their God in hopes it will be a banner year without government involvement
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Eugenian
Champion Author Oregon

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Message Posted: Aug 6, 2012 6:28:25 PM
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Big Oil isn't telling the truth? I'm shocked! Shocked!
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Aug 6, 2012 6:21:36 PM
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OIL COMPANIES ARE JUST LYING BUTT HEADS
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gaswatchON
Veteran Author Ontario

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Message Posted: Aug 6, 2012 6:20:23 PM
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I'm so surprised that the oil company's are telling a lie NOT!!!
If the oil company's had to pay taxes on there lies nobody else would have to pay taxes
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gem1224
Champion Author Tulsa

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Message Posted: Aug 6, 2012 6:20:07 PM
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everything has risks...... DUH
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pa79th
Champion Author Pennsylvania

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Message Posted: Aug 6, 2012 6:19:51 PM
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Um, I think Deepwater Horizon showed us all the risks we need to know about.
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mrinmoyd
Champion Author Illinois

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Message Posted: Aug 6, 2012 6:19:46 PM
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ok
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crreed1
Champion Author West Virginia

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Message Posted: Aug 6, 2012 6:19:36 PM
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ok
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pumaMN
Champion Author Minnesota

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ok
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Number43
Champion Author Lexington

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Message Posted: Aug 6, 2012 6:16:05 PM
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Liberals still making up LIES!
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judgemobile
Champion Author Ohio

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Message Posted: Aug 6, 2012 6:15:12 PM
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greed lives--so is anyone really surprised ??
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pastorpaulcg
Champion Author Virginia

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Ok
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Toppers
Champion Author Atlanta

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Message Posted: Aug 6, 2012 6:13:48 PM
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No surprise
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PetroScopper
Champion Author Houston

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Message Posted: Aug 6, 2012 6:13:04 PM
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This comes as no real surprise to any of us, I'm sure. I think that is why they push so hard to get rid of the EPA and any other organization that will hold them to account for some of the trash they subject the American public to- far too much money and too many stupid people standing in the way... it's all about the dollars.
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dky63
Veteran Author Illinois

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Message Posted: Aug 6, 2012 6:12:37 PM
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Big Oil Lies - ha ha ha
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TBONE3
Champion Author Pennsylvania

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Message Posted: Aug 6, 2012 6:11:59 PM
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I should think the big investors already know that.
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otherdave
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Message Posted: Aug 6, 2012 6:11:53 PM
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Thank you Mr. Obvious!
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Aug 6, 2012 6:11:40 PM
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Ok
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souly
Champion Author Montreal

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Message Posted: Aug 6, 2012 6:11:26 PM
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thanks for the post
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tedjm1
Champion Author New York

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Message Posted: Aug 6, 2012 6:11:11 PM
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Who believes they would tell the truth? Only an idiot.
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boatfloyd
Champion Author Jacksonville

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Message Posted: Aug 6, 2012 6:10:12 PM
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It has to be dangerous.
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HEBster
Champion Author Kentucky

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Message Posted: Aug 6, 2012 6:09:58 PM
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Of course they are
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Aug 6, 2012 6:09:17 PM
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no surprise there. it's all about cash flows and stock price
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Vette1967
Champion Author Albany

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Message Posted: Aug 6, 2012 6:08:26 PM
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If we only knew the truth.
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LanguageMan1
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Message Posted: Aug 6, 2012 6:07:03 PM
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Wouldn't surprise me a bit.
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joel27nc
Champion Author Raleigh

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Nothing new.
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regout
Champion Author Quebec

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Message Posted: Aug 6, 2012 6:03:26 PM
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Ok.
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jem069
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Ok
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cokezero
All-Star Author Philadelphia

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Message Posted: Aug 6, 2012 6:01:45 PM
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ok
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MDTDriver
Champion Author California

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Nothing new here.
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Saunch2012
Veteran Author Pennsylvania

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ok
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jferrara41
All-Star Author Pennsylvania

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ok
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DandyDapple
All-Star Author North Dakota

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Message Posted: Aug 6, 2012 5:51:51 PM
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they hide a lot they don't want us to know ...
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J4romeo
All-Star Author Gary

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Message Posted: Aug 6, 2012 5:44:15 PM
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there are risks in every day of life!!
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defiancegasman
Champion Author Ohio

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Message Posted: Aug 6, 2012 5:43:59 PM
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BIG OIL is LIEING AGAIN??? How can that be!
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Tekkersmom57
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Message Posted: Aug 6, 2012 5:43:36 PM
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They want us kept in the dark.
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Is246
Champion Author Albuquerque

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Not good.
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Blue48
Champion Author Illinois

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Message Posted: Aug 6, 2012 5:41:54 PM
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NOT A SHOCKER!
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mdskier
Champion Author Maryland

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Message Posted: Aug 6, 2012 5:34:33 PM
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Would Oil companies ever lie?

Oh, don't answer that one!

[Edited by: mdskier at 8/6/2012 11:35:17 PM EST]
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VernonOR
Champion Author Oregon

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Message Posted: Aug 6, 2012 5:34:25 PM
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Being truthful is something most companies are not known for.
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mikaye
Champion Author Cleveland

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Message Posted: Aug 6, 2012 5:33:55 PM
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they don't want anyone to know the facts
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gavinON
All-Star Author Toronto

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hmmm
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