Deepwater Horizon

BP bears brunt of blame for Deepwater Horizon catastrophe

Report says oil company is 'ultimately responsible' for oil spill but rig contractors also implicated in some areas

Guardian, 

14 September, 2011

A key US federal report has focused the blame for the worst offshore oil spill in US history on BP, but criticised its contractors sufficiently for the markets to push BP's share price up. Amid a string of failures, BP's "cost or time-saving decisions… were contributing causes of the blowout," the report concluded.

Assigning ultimate responsibility for the disaster – and the billions of dollars of clean-up and compensation costs – will take years of legal action, but Wednesday's investigation report was seen as a significant indicator as it was conducted by the regulator responsible for offshore activities. The blowout at the Deepwater Horizon rig in the Gulf of Mexico in April 2010 killed 11 people and led to almost 5 million barrels of oil being spilt into the ocean.

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