BP is doing the right thing for a change.
(Reuters) - BP Plc on Tuesday said it will donate net revenues from oil recovered from its stricken Gulf of Mexico oil well to restore wildlife habitats on the coastlines of four affected Gulf Coast states.
"BP is committed to protecting the ecosystems and wildlife on the Gulf Coast," BP Chief Executive Tony Hayward said in a statement.
He said proceeds from the sale of oil recovered from the seven-week-old leak a mile beneath the water's surface "will be used to further this commitment."
Now if BP's executives thinks this will exonerate them, they're way, way, way mistaken. Despite what Hayward says in that commercial about doing everything they can to make sure this never happens again, BP continues to lobby the Canadian government against requiring relief wells.