BP Acquits Itself of Sole Blame for Gulf Spill after Internal Inquiry

.

Gulf Spill

BP has said that it is not the only oil Company responsible for oil spill in the Gulf of Mexico. The Company is firm on the view that the claims of its negligence in the oil spill are baseless.

BP in this week will present the report of an internal inquiry, which was carried out to find out the reasons of Deepwater Horizon explosion. According to BP, this internal investigation has given a clean chit that the oil Company is not solely responsible for it. The detailed outcomes of this internal inquiry would be disclosed after one month.

But, if investigators find that the firm has shown negligence towards such a major issue, it may become liable to pay fines worth $1,100 under US’s Clean Water Act.

However, critics don’t seem to be satisfied with the explanation given by BP. In the Congress hearings, the US politicians have blamed BP for the spill. Politicians have blamed that the oil Company has neglected the industry safety measures in order to save money.

Speculations are also raised that the Chief Executive Tony Hayward may have to bid farewell to the positions at the half year results meeting of the Company, which is scheduled to be held on Tuesday. Though, the Spokesman for the Company has refused to comment over the issue.


Latest News

Third-Quarter Sales Better -Than- Expected for LinkedIn, Thanks to New Businesse
“Overweight” Rating for Facebook from JPMorgan Chase & Co
Fall in Oil prices Leave the Small-cap Shale Companies in Trouble
Beginning of 2015, Starbucks will Start its Delivery Service in Selected Markets
Herb Strather, Detroit blight Buyer Makes a Wednesday Deadline
Baidu with its Growing Mobile Presence, Hit 27 Percent Profit Increase
Third Quarter Profits for Samsung Electronics Drop Sharply
Federal Reserve Ends Bond Buying Programme, Keeps Interest Rates Low
Reduced Growth in Major Overseas Economies Affect U.S. Durable Goods Order
Lowe’s to Introduce Robots in Store for Customer Service
Facebook Shares Fall as the Company Portrays Increased in Expenses in 2015
USPS Audit Questions the Consistency of Surveillance Conducted on Mail