An inquiry into the worst environmental disaster in the US history, the oil spill, is anticipated to free the oil Company from claims of gross negligence.
The position of Chief Executive Tony Hayward too is under threat, which is to be clarified in the half-year results meeting on Tuesday. Rumors say that Hayward is on the edge of his resignation, and might as well quit before the meeting.
Hayward had been terribly criticized for his management of the Gulf of Mexico oil spill crisis. It is likely that there would be conflicts concerning the separation, for which Hayward has to be paid over one million Pounds.
While, the Company foresees an escape, hoping that the inquiry would help to bring out the role played by other oil Companies and contractors on the project.
BP has been allegedly blamed for the ignorance of the standard oil industry safety practices to save money and there is little chance that the inquiry will be able to satisfy the critics.
The Company is determined to defend itself, denying claims of gross negligence and ready to take part of the blame but not the whole of it.
Some developments are taking place to stop the oil spill, one of them being the drilling of a relief well.
With the response crews rapidly leveling the operations back up, the U. S. Coast Guard Commander Thad Allen said that the first step towards sealing the well would begin within 3 to 4 days.
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