BP shares rise as report blames contractors, regulators

Business | 206719 hits | Jan 06 7:58 am | Posted by: wildrosegirl

A presidential commission has concluded that a series of poor decisions led to the technical problems that ultimately contributed to a deadly explosion and America's worst-ever oil spill. And it could happen again.

Comments

by andyt
Thu Jan 06, 2011 7:32 pm
"
Whether purposeful or not, many of the decisions that BP, Halliburton, and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time (and money)," the panel wrote.

Why are these reports always so mealy mouthed? No, those companies took risks by accident, profit wasn't driving them to pollute.
by Freakinoldguy
Fri Jan 07, 2011 1:35 am
Well at least we know that one of the three companies isn't giving out huge bonus' based on past performance.

20 Oct 2010
Bob Dudley, BP’s new chief executive, has moved quickly to rebuild the energy group’s tattered reputation, declaring that employees’ performance on safety issues will be the only measure for awarding fourth-quarter bonuses

http://www.heraldscotland.com/business/ ... -1.1062595

So maybe this whole disaster got through to upper management.
by dino_bobba_renno
Fri Jan 07, 2011 11:09 pm
BP's bonus system has all ways been based on safety performance, at least here in Canada it was. This isn't anything new.

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