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The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. Litigation commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for financial ...
BP strongly disagreed with the ruling and filed an immediate appeal. [28] [361] On 2 July 2015, BP, the U.S. Justice Department and five gulf states announced that the company agreed to pay a record settlement of $18.7 billion. [362] To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54 billion. [363]
As a result, a company could technically comply with the rule without genuinely ensuring maximum safety precautions. Geoff Morrell, a spokesperson for BP, acknowledged that the core findings of the CSB mirrored the conclusions of other investigations. Several other probes, such as those led by the U.S. Coast Guard and a commission designated by ...
"Golden Rule Sign" that hung above the door of the employees' entrance to the Acme Sucker Rod Factory in Toledo, Ohio, 1913. The Golden Rule is the principle of treating others as one would want to be treated by them. It is sometimes called an ethics of reciprocity, meaning that you should reciprocate to others how you would like them to treat ...
BP (BP) will award its fourth-quarter bonuses based entirely on performance on safety-related issues. CEO Bob Dudley told employees on Monday that the bonus policy is meant to emphasize that ...
June 6 – BP abandons plans to close three remaining vents on the containment cap noting that with one vent it is capturing as much oil as it can handle. [91] June 8 – BP releases the requested high resolution images of the leak. [92] June 9 – BP's chief operating officer Doug Suttles says the underwater plume is "in very minute quantities ...
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The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling is a bipartisan presidential commission, established by Executive Order 13543 signed by Barack Obama on May 21, 2010, that is "tasked with providing recommendations on how the United States can prevent and mitigate the impact of any future spills that result from offshore drilling."