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Wednesday, February 20, 2013

BP's Reputation Set to Take a Beating as it Begins its Trial against the Feds

BP's Reputation Set to Take a Beating as it Begins its Trial against the Feds

BP is entering the final chapter of the aftermath caused by the Deepwater Horizon oil spill in 2010 as it prepares to go to trial against the federal government next week. The feds state that they will prove that (NYSE: BP) was grossly negligent in the lead up to, and during, the disaster. The outcome of the case will determine how many more billions BP must pay.In the two and a half years since the Macondo Well incident BP’s new CEO, Bob Dudley, has slowly rebuilt the company and repaired as best he could its tattered reputation. He has…Read more...http://oilprice.com/Latest-Energy-News/World-News/BPs-Reputation-Set-to-Take-a-Beating-as-it-Begins-its-Trial-against-the-Feds.html

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