Businessweek (June 9)
2010/ 06/ 10 by jd in Global News
To drill offshore in the U.S., top oil executives will now be required to personally sign, certifying their operations are in full regulatory compliance and that they are capable of shutting down wells in emergencies. The new requirements come in light of BP’s continuing oil spill which has become America’s worst environmental disaster. The pledges are reminiscent of Sarbanes-Oxley rules implemented after Enron. Since then, CEO’s and CFO’s must personally sign certain financial reports to verify accuracy.
Tags: BP, Offshore drilling, Oil, Sarbanes-Oxley
