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Thursday, November 15, 2012
BP hit with record penalty, but where are the lessons learned?
Welcome news: BP is hit with a $4 billion fine and 11 felony counts – the largest corporate criminal settlement in U.S. history.
Finally, a worthy punishment for the oil giant’s reckless disregard for the lives of their workers and the health of the Gulf of Mexico waters.
I only wish someone would address the greatest crime of all: the failed attempt, over 85 days, to rely upon 1970s-style technology to protect the beaches; and the spectacular BP failures, over and over, when attempting to cap the Deepwater Horizon well – the same supposedly fool-proof methods that allowed the British oil company to achieve federal approval to drill in deep water.
When BP resorted to tossing golf balls into the shaft of the leaking well, that had to be a low point in the history of U.S. environmental protection.
According to The Washington Post, London-based BP agreed to plead guilty to 14 felony counts of misconduct or neglect of ships’ officers relating to the loss of 11 lives on the drilling rig that caught fire and sank; one misdemeanor count under the Clean Water Act; one misdemeanor count under the Migratory Bird Treaty Act; and one felony count of obstruction of Congress.
Two BP supervisors who were on the Deepwater rig face 23 criminal counts, including negligent manslaughter. And one British Petroleum executive was charged in connection with the alleged misreporting of the size of the spill and regarding events the night the Deepwater Horizon oil rig blew out in 2010, killing 11 people, sinking the rig and triggering the nearly 5 million-barrel oil spill.
Meanwhile, private civil claims are being pursued in a lawsuit in a New Orleans federal court, where a settlement estimated at $7.8 billion is being finalized, the Post reported.
At the same time that BP is agreeing to pay for its past sins, the company has this message at the top of its website: "Our expert teams maintain the highest standards around the globe in all geological conditions, drilling every kind of well."
I'm just curious Selweski, why should anyone care what your opinion is on this story?
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