BP Allowed Back in Gulf Waters
British Petroleum and the EPA reach agreement
By Arden Dier, Newser Staff
Posted Mar 14, 2014 7:09 AM CDT
In an April 21, 2010 file photo, the Deepwater Horizon oil rig burns after a deadly explosion in the Gulf of Mexico.   (AP Photo/Gerald Herbert, File)

(Newser) – BP is taking a big step in its recovery following 2010's massive oil spill. The US has agreed to lift the 2012 ban that kept the oil company from doing business with the US government—including seeking contracts in the Gulf of Mexico. That means the company can begin competing for new contracts and leases as early as next Wednesday's scheduled Gulf auction—though its path to the Gulf isn't quite as neat as that. Per the agreement, it will have to meet increased ethics, corporate governance, and safety requirements, and must foot the bill for annual reviews by an independent auditor for the next five years. Those results will be handed over to the EPA, which can take action should the agreement be "breached," the New York Times and the Wall Street Journal report.

It's "the best news BP has gotten since the accident," notes an oil company analyst; to wit, the Journal points out that the 2012 injunction saw the company lose the opportunity to renew military fuel contracts valued at $2.3 billion. "BP has to get back into the hunt in order for them to score." Others, unsurprisingly, aren't as thrilled with the news. Activist group Public Citizen says the decision "lets a corporate felon and repeat offender off the hook for its crimes against people and the environment." Craig Hooks at the EPA, however, says it's "a fair agreement that requires BP to improve its practices in order to meet the terms we've outlined together."

View 3 more images
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
BP Allowed Back in Gulf Waters is...
Show results without voting
You Might Like
Showing 3 of 46 comments
Mar 17, 2014 6:34 PM CDT
BP and their clean up company must be needing more money what a way to get it by wrecking the enviroment getting money from the tax payer Theylss have another accident with in a month
Mar 17, 2014 6:08 AM CDT
irresponsible elites get busy dooming mankind.
Mar 16, 2014 2:29 PM CDT
Oh why not, we weren't using the Gulf anyway. This is like handing defense contracts to Osama Bin Laden. Thanks for the memories, "eco-friendly" administration! Love your hijinks!