On April 20, 2010, the Deepwater Horizon oil rig exploded, leaving in its wake the death of eleven individuals, the largest environmental disaster in U.S. history, and unprecedented economic loss to the Gulf Coast area. We now know that the explosion and resulting economic loss stemmed from BP’s broken promises to protect the safety of its employees and the environment.
On March 2, 2012, BP agreed to an uncapped Settlement Agreement regarding the company's liability for the economic loss caused by the Deepwater Horizon Oil Spill.
- The Settlement Agreement was concluded after more than 12 months of round-the-clock negotiations.
- BP employed hundreds of lawyers, experts and economists to negotiate and review the Settlement Agreement.
- On August 13, 2013, BP asked the court for final approval of the Settlement Agreement.
- BP told presiding Judge Carl Barbier, both in court and in writing, that the Settlement Agreement was in BP’s best interests. Said Bob Dudley, BP CEO, “BP made a commitment to help economic and environmental restoration efforts in the Gulf Coast, and this settlement provides the framework for us to continue delivering on that promise, offering those affected full and fair compensation." (emphasis added)
Fast Forward a Few Months – Buyer's Remorse?
On March 15, 2013, BP frivolously sued the court appointed, and neutral, claims administrator, Pat Juneau. In its complaint, the company requested that the Court block Mr. Juneau from paying otherwise legitimate business claims. Why? Because BP came to the realization that the rules it promised to play by – the "framework" described above by CEO Dudley – might cost them more than their legions of experts previously thought. Now BP seeks a do-over, breaking its promise to tens of thousands of businesses that were counting on the company's word.
Sign our petition asking BP to abide by its stated commitment to Gulf Coast businesses.