BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Halliburton Indemnity in Deepwater Horizon Accident
Kelly Dunst on 02 4, 2012

Today’s ruling, together with last week’s decision on Transocean’s financial obligations stemming from its conduct at the Macondo well, is a strong signal that contractors involved in critical well operations will be held accountable for their actions under the law. All official investigations have concluded that Halliburton played a causal role in the accident, and following this ruling, Halliburton is, at a minimum, responsible for any punitive damages as well as civil penalties to the extent that they may apply under the Clean Water Act. Moreover, the court determined that if Halliburton is found to have committed fraud, then the indemnity could be void.
BP has acknowledged its role in the accident and has paid more than $7.8 billion in claims, advances and other payments to individuals, businesses and governments, regardless of whether third parties ultimately would be responsible for any of that sum or additional liabilities. Our charges and provisions never assumed any recovery from Transocean or Halliburton for pollution-related damages. These two decisions should put an end to the attempts by Transocean and Halliburton to avoid their obligations.

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With all these resources, we shuold really be looking at encouraging African investment in Africa. The South Africans are wonderful at this.The irony of it is that it is the vilified White African who is having enough faith in Africa to sink his fortune into our charge into the 21st Century.We certainly don’t need to rely on the Western sharks, corrupters of our leaders to achieve nirvana.I suggest that each African country has a BEE type law that sets aside certain contracts and investment opportunities exclusively for African in investors, with an AU Fair Trade Office to receive complaints of corruption.This office shuold have the powers to charge the offenders. I dont see the any African country today refusing this.
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Richard, I guess you’re comfortable with a vice preeidsnt who backs Iraq’s right to do business with the world, then fights them, then takes a job with Halliburton and insists his company should be able to do business with Iraq, then becomes Vice President of the United States and uses falsified data to justify an attack on Iraq so that Halliburton can rebuild the country again. All the while, the company cooks its books, bribes foreign officials and lies to the Department of Defense about its business practices and margins. Hmm .As for Edwards’ background, as a successful attorney who built a personal fortune and then turned to public service, he certainly was tangible enough at the debate the other night to show Cheney for the lying cold-hearted bureaucrat he is.
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