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Monday, June 28, 2010

Energy Official Who Worked for BP Excluded from Spill Response

“Steven E. Koonin, undersecretary for science at the Department of Energy, reported receiving a host of lucrative corporate payouts and perks when he left his job as chief scientist at oil giant BP last year to join the Obama administration. But because of Mr. Koonin’s extensive ties to BP, he can’t have anything to do with the most pressing issue now facing the Energy Department: how to stop up to 2.5 million gallons of oil a day from gushing into the open waters of the Gulf of Mexico.” (Washington Times, Monday)

Another tangle created by the regulatory state.

FEE Timely Classic
“Self-Regulation in the Corporate State: The BP Spill” by Sheldon Richman