In his first interview since resigning in July, former BP CEO Tony Hayward admitted that the British oil giant’s contingency plans to deal with the gulf oil spill were inadequate. Not only were the plans inadequate, but Hayward also states that he and BP were completely unprepared for the intense media scrutiny. “BP’s contingency plans [...]
New BP chief executive officer Bob Dudley is making some unprecedented changes at the British oil giant in an attempt to promote a new corporate culture. After being heavily criticized for placing profits over safety after an April explosion on the Deepwater Horizon drilling rig resulted in one of the largest environmental disasters in U.S. [...]
It has been almost six months since the BP oil rig explosion, yet federal officials say that the cleanup will continue through the winter in some Gulf areas. Federal on-scene coordinator for the Deepwater Horizon spill, Rear Adm. Paul Zukunft , says that the 87 consecutive days of major spill is unlike any other oil [...]
BP asked U.S. District Judge Carl Barbier in New Orleans to require virtually all oil spill claimants to exhaust the economic damage claims process run by third-party administrator Kenneth Feinberg before they are allowed to sue. Requiring claimants to first present their claims to the Feinberg Fund could delay the start of litigation against oil [...]
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