Tag Archives: Halliburton

Have We Changed Our Ways After the BP Oil Spill? Not Really

ANN ARBOR, Mich.—On the heels of last week’s federal recommendations to help prevent another BP oil spill disaster, a University of Michigan researcher says the tragedy has come close to acting as a catalyst for deeper change—but not quite.

“The BP oil spill is, potentially, a ‘cultural anomaly’ for institutional changes in environmental management and fossil fuel production,” said Andrew Hoffman, professor of management and organizations at the Ross School of Business and a professor at the School of Natural Resources and Environment. “But true change in our approach to handling issues related to oil drilling, oil consumption and environmental management have yet to occur.” (more…)

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BP to Pay $4,300 for Every Barrel of Spilled Oil

The scandal around the oil spilt into the Gulf of Mexico does not subside. On Thursday, the information was released that U.S. authorities are preparing a lawsuit against the owner of the exploded BP platform, demanding compensation for damage caused by the leakage. Fines can reach $4,300 for each barrel of oil spilt in the waters of the Gulf, i.e., a total of approximately $17.6 billion.

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