Blog Tags: Halliburton
Almost nine months after the oil gusher began in the Gulf of Mexico, this morning the presidential commission investigating the Deepwater Horizon disaster released its final report.
The commission concludes that the oil industry was plagued by systemic problems that could lead to another accident unless major reforms are enacted by the government and the drilling companies. The panel placed blame on all three companies responsible for the well – BP, Transocean and Halliburton – and the government regulators responsible for overseeing them.
The panel also outlined its recommendations for regulations and practices to prevent another spill, including an increase in the budget and manpower at the Bureau of Ocean Energy Management, Regulation and Enforcement, lifting the current $75 million cap on corporate liability for damages from an oil spill, and significantly strengthening the oil-spill-response capabilities in the Arctic before any new major drilling is allowed there.
Oceana CEO Andrew Sharpless had this to say about the report, (you can read his full statement here):
“The Commission…correctly concluded that the Deepwater Horizon disaster was not an isolated incident; but was indicative of a systemic failure of the oil industry and the federal regulatory agencies responsible for overseeing it.
There was plenty of finger pointing at this week’s Congressional oil spill hearings.
The chairman of BP America, Lamar McKay, said BP is responsible for cleaning up the spill, but he blamed Transocean for the failure of the safety seal.
Then Transocean CEO Steven Newman said that since BP is the operator, the spill is ultimately the oil giant’s fault. And Halliburton executive Tim Probert denied that flaws in his company's cement contributed to the leak.
Meanwhile, oil continues to flow, uninterrupted, into the Gulf of Mexico.
But what the company executives and government officials fail to recognize is that the oil spill is not the fault of one company -- it represents an endemic lack of accountability from the oil industry and government agencies as a whole. The catastrophe isn’t the result of one mistake, it’s the result of a fundamentally broken system.
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