Sonntag, 5. Oktober 2014

BP asks court to reconsider ruling

BP asks court to reconsider 'gross negligence' ruling


BP has asked a US court to reconsider its ruling of "gross negligence" over a 2010 oil spill in the golf of Mexiko, which boosted its potential fines to around $18bn.

 This is about the big oil spill in the golf of Mexiko 2010, which was a very big and dangerous case for nature. The golf of Mexiko is still not the sea which it was before 2010. But BP has new evidence, and through this evidence, the oil company said the the case should be amended or the there should be completely new trial. For this incident where 11 workers were killed, the company set already $42bn aside to cover the total cost. BP said in a statement: "Through its motion, BP has asked the District Court to amend its September 4 Order or, in the alternative, to grant a new trial because the Court's findings and conclusions are based substantially on expert witness opinions that the Court appropriately and expressly excluded from evidence at trial. Because those opinions were excluded by the Court, they cannot support key aspects of the Court's findings, which should therefore be set aside. The Court should order a new trial to permit BP to explore the lack of basis for the witness's opinion."

 This is about globalisation, because the golf of Mexiko wasn't just affecting Mexiko, but also the US and Cuba. Also a lot of the oil went also into the atlantic ocean and affected the species which live there. Its also about change, because after the huge catastrophe, nature was affected very badly, which also affected us humans, because fish was poisened through the oil, and big fish companies were fishing there. When they couldn't fish, they had no work, so the government offered them to help out picking the oil out of the sea for money. Also the company had to make changes, e.g. they had to set up new safety intructions, because 11 people died, and they needed to be sure that this will never happen again, and invested a lot of money into new things, but also they had to save money to cover the cost of the catasrtophe. Now it's about strategy, because they will need to come up with a new plan to save huge amounts of money, but still make profit so they could pay the workers and re-invest in new technology, which is for oil companies very important, because it's very rare, expensive and could damage nature very badly.
BP oil spill explosion 

 

1 Kommentar:

  1. 3/4 - although a very interesting and relevant article for the course you approach this more from a legal/ environmental perspective than a business perspective. Yes, the article is about globalisation - but how does business fit in there? Indeed, a new strategy is required for BP but remember, business is not always about money. How will this disaster have affected the image of BP? What will they have to do to improve it (ethical/ CSR objectives??)

    AntwortenLöschen