BP Didn't Probe Deepwater Cost-Cutting Risks, Safety VP Says

Law360, New Orleans (March 4, 2013, 8:00 PM EST) -- BP PLC's safety chief testified Monday that his probe of the Deepwater Horizon oil spill didn't examine whether the company increased risks to cut costs at the Macondo well, even though he knew the project was behind schedule and millions of dollars over budget.

BP's executive vice president of safety and operational risk, Mark Bly, took the stand for a third day in trial over liability for the April 2010 explosion and blowout that killed 11 rig workers and sent more than four million barrels of...
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