BP (NYSE:BP) has its first permit to drill in the Gulf of Mexico after the 2010 explosion that spilled 4.9 million barrels of oil and killed 11 people. BP (NYSE:BP) will be drilling 246 miles south of Lafayette, Louisiana. BP (NYSE:BP) was up 0.8 percent to 461 pence at London close last night, the highest since July 29. BP spokesman Scott Dean said in an e-mailed statement to Bloomberg, “We are pleased to have received a permit.”
Michael R. Bromwich, director of the U.S. offshore drilling-safety regulator, said in a statement, “BP (NYSE:BP) has met all of the enhanced safety requirements that we have implemented and applied consistently over the past year. BP (NYSE:BP) has adhered to voluntary standards that go beyond the agency’s regulatory requirements.”
Looks like BP, Halliburton (NYSE:HAL), Transocean (NYSE:RIG), and Cameron International Corporation (NYSE:CAM) are ready for business as usual. Another example of how money in politics continues to fail for citizens.
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