Report begins: "The oil giant BP spent months this summer trying to contain the gusher of oil on the floor of the Gulf of Mexico. Now BP is trying to contain the legal and financial fallout from the explosion of the Deepwater Horizon."
BP released this video of methane gas and crude oil erupting from their damaged wellhead, 05/11/10. (video image: BP)
Report by BP on Gulf Spill Hints at Likely Legal Defense
08 September 10
The oil giant BP spent months this summer trying to contain the gusher of oil on the floor of the Gulf of Mexico. Now BP is trying to contain the legal and financial fallout from the explosion of the Deepwater Horizon.
On Wednesday, BP released the results of an internal investigation that heaped some of the blame on itself, but mostly pointed at other companies. Conducted by the company's safety chief, Mark Bly, and a team of about 50, most of them BP employees, the inquiry was initiated shortly after the April 20 explosion that killed 11 and spilled almost five million barrels of oil into the Gulf of Mexico.
Less a mea culpa than a public relations exercise, the 193-page report could also be seen as a preview of BP's probable legal strategy as the company prepares to defend itself against possible criminal charges or civil complaints, federal penalties and hundreds of lawsuits.
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