Who Is Responsible for the BP Oil Spill?
British Petroleum, now know as BP Plc, will not be the only company in the mix and responsible for the massive and unprecedented oil spill now in progress in the Gulf of Mexico. Several companies are engaged in this business, and now all are scrambling to "lawyer up" and engage PR firms to spin their own stories about their lack of culpability.
Their lobbyists also are in full gear on the Hill "keeping legislators informed" and up to date on the cleanup. Damage control??? That's what Tyson Slocum of consumer group Public Citizen calls it. "They're making themselves available to Congress in an effort to sooth anger" he says, but if there's a finding of negligence, I don't see how this will be effective."
At least three committees in Congress plan to investigate the disaster. BP could be in for billions of dollars in clean-up costs and analysts say the industry may face new government demands for costly safety standard upgrades and tax and royalty concessions. But is BP the only company possibly on the hook for causing such outrageous economic and environmental injuries? Probably not. In fact, several companies appear to have a hand in this Gulf of Mexico oil rig disaster. Check out our next blog for who might be paying big money for big time injuries to many, many people and small firms.
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