Tuesday, December 31, 2013

Hooker Chemical Co. (Occidental Petroleum subsidiary)

The Love Canal Tragedy, NIAGARA FALLS, N.Y


Twenty five years after the Hooker Chemical Company stopped using the Love Canal as an industrial dump, 82 different compounds, 11 of them suspected carcinogens, began percolating upward through the soil, their drum containers rotting and leaching their contents into the backyards and basements of 100 homes and a public school built on the banks of the canal.

Here's Occidental Petroleum's Board of Directors:

Edward P. Djerejian Director since 1996 Independent Chairman since 2013

Spencer Abraham Director since 2005 Independent Vice Chairman since 2013

Howard I. Atkins Director since 2010

Gene L. Batchelder (Conoco Philips...see Bhopal) Director since 2013

John E. Feick Director since 1998 Member of the Audit Committee, Executive Compensation Committee, Finance and Risk Management Committee, and Environmental, Health and Safety Committee (Chair)

Margaret M. Foran Director since 2010

Carlos M. Gutierrez Director since 2009

William R. Klesse Director since 2013 Chairman of the Board and Chief Executive Officer of Valero Energy Corporation,

Avedick B. Poladian Director since 2008

Oxy's subsidiaries include wholly owned chemical manufacturers Occidental Chemical Corporation (OxyChem), OxyVinyls, and INDSPEC Chemical Corporation. Oxy indirectly owns Armand Products Company with Church & Dwight Co., Inc.. Carbocloro S.A. Indústrias Químicas is a joint venture between OxyChem and UNIPAR in Brazil.

Nov, 2013: Occidental Petroleum will pay $14 million to its former chairman Ray Irani as part of his severance agreement
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