Tuesday, November 16, 2010

Gulf Spill Linked to BP's Lack of 'Discipline'

World Worst Disasters
An "insufficient consideration of risk" and "a lack of operating discipline" by oil giant BP PLC contributed to the worst offshore oil spill in U.S. history, according to a report due for public release Wednesday from a team of technical experts.

The report from the National Academy of Engineering represents the most comprehensive examination so far of the causes of the disaster. The panel's interim report reaches few firm conclusions, repeatedly saying that possible causes require further investigation.

Nonetheless, its tone is sharply critical of the companies involved, especially BP, which owned the troubled well that exploded on April 20. Eleven rig workers died in the accident.

The panel also criticizes regulators and the broader industry, according to a copy of the report viewed by The Wall Street Journal.

Interior Secretary Ken Salazar asked the academy in May to probe the Gulf disaster, saying he wanted "a set of fresh eyes on the issues surrounding" the incident and an independent, science-based understanding of what happened.

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