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BP was owned by the British government up until 1987. Maybe it’s their rigs from back in the day? Private companies are usually required to have insurance to c
by serjester 6y ago
BP was owned by the British government up until 1987. Maybe it’s their rigs from back in the day?
Private companies are usually required to have insurance to cover decommissioning their assets in the event of bankruptcy. I’d be very surprised if Britain wasn’t directly involved in the operation of these.
- redis_mlc 6y agoThe notable exception is nuclear plants. In the US, they just get their operating certificate extended until they fail, then the owner hires a bk lawyer. Fukushima will cost over $1 trillion to cleanup, plus the Japanese mobilized their military to source enough labor.