Tag Archive "deepwater-horizon"

Deepwater Horizon oil spill as seen by NASA's Terra Satellite

BP Managers Repeatedly Lied Before and After Gulf Catastrophe about Safety and Risk Control Programs, Retirement Funds Say; But, Meritorious Investor Lawsuits May be Axed

February 7, 2013 - The BP Macondo well catastrophe in the Gulf of Mexico was caused “not as some have suggested by a coincidental alignment of disparate technical failures,” but by the “overarching failure of management,” concluded the National Commission on BP’s Deepwater Horizon Oil Spill. Internal e-mails to be filed as evidence in a civil trial later this month reportedly demonstrate that BP managers knowingly lied about the size of the oil leak to regulators, the public and, ultimately, investors.