A U.S. presidential panel has concluded that energy firm BP and its partners made a series of "systemic" cost-cutting decisions that led to the oil spill that polluted the Gulf Of Mexico coast last year.

In its final report on the causes of the largest offshore oil spill in U.S. history, the commission on January 5 said that many of the decisions made by BP and its partners, Halliburton and Transocean, had saved the companies "significant"

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