Its reputation is the one thing BP just can't clean up
Outlook The BP oil that spewed from the Deepwater Horizon rig in the Gulf of Mexico might have been cleared from the region's beaches, waters and wildlife. But still it sticks to BP.
The oil giant has been embroiled in an increasingly forlorn struggle to prevent companies in a fairly broad geographical area from claiming compensation for the spill if they are unable to show that their economic losses stemmed from it.
The subtext of the claim is that BP is now being used as a sort of regional economic development fund. There may be something to that, but it was always a little naive to think that judges in the region would be willing to stem the inflow of cash.
And so it has proved. A New Orleans appeal court declined to revisit the decision made by a lower court to block BP's claim. Serves the company right, you might think, not without some justification. When executives dream up cost-cutting plans in future, this should mean they won't be tempted to scrimp on safety.
There remains the chance of a petition to the US Supreme Court. But don't hold your breath. It looks very much like BP is going to have to take its medicine, however painful that might be for its shareholders, many of whom are American.
One of the conceits of the former chief executive Lord Browne was to garb the group in green, as if it were some sort of eco-friendly energy concern. If that ever had any credibility, Deepwater Horizon blew it out of the water. So perhaps the incumbent Bob Dudley might like to consider currying a little favour in his native land with a rebrand of his own, garbing the company in stars and stripes to better reflect its shareholder base?
Does that sound cringeworthy? No more so than the commercials BP ran featuring beaches, seafood and smiling friendly faces from the Gulf Coast region. These were badged with its logo and described as "greenwashing" by its many critics.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
Japanese island overrun with cats after population explodes
London property boom built on dirty money
Becky Watts: Stepbrother and his girlfriend named locally as two arrested on suspicion of murder
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...