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Federal Regulators Deferred to Oil Industry on Rig Safety

Federal Regulators Deferred to Oil Industry on Rig Safety

The federal agency charged with regulating the oil industry has allowed the industry largely to police itself, records show.

 

BP CEO says will pay oil spill claims

BP Plc will clean up an oil spill from one of its wells in the Gulf of Mexico and compensate those affected, its chief executive said, accepting that the disaster could hit plans to open new areas off the U.S. coast to drilling.

 

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