Following the aftermath of the BP oil spill in 2010, the dismantling of the Minerals Management Service, and
the charges against BP officials for misconduct—including counts of manslaughter—the U.S. EPA suspended
further contracts for drilling. In late 2012, the EPA temporarily barred BP from oil leases until BP could provide
sufficient evidence that the company meets federal business standards.
You work for the EPA and have been tasked with reassessing the qualifications for oil leases, based on this
event. You are expected to provide a strategy for reevaluating these contracts. As you prepare it, consider the
What caused the failure of the lease with BP? How could this failure have been avoided?
How should BP or any other lessee be evaluated following a spill? Should the evaluation be based on the
severity of the spill? Explain.
What, if anything, should be changed about how leases are evaluated prior to signing an agreement? Explain
10/8/2020 Order 327678723
Who will evaluate the contracts? Is an outside audit necessary? Why or why not?
U.S Treasury Secretary "Jacob J. Lew" is examining the instance of U.S administration in the International Monetary Funds as well as in the World Bank and the World Trade Organization. Christine Lagarde the IMF's Director at the G-20 Summit in Turkey expressed that she was conversing with President garisson huts Obama about Voting Shares to keep up the U.S Voting Voice. The issue was not from the U.S president yet was in the Legislations that was being held at the Congress. The enactments were to verify U.S administration in the basic leadership of the IMF so as to verify the prosperity of the American's and to have increasingly fruitful international strategies. In seven decades the IMF together with the United States had the option to accomplish Quadrupled Real Income/Capita just as increasing the Expectations of living for in excess of billion individuals in the United States as well as in North America as entire, Eastern Asia and Western Europe. The primary objective of the G-20 Summit just as G-7 Summit lead by the US basic leadership was to accomplish worldwide Economic Development and to avert Financial Crimes and the subsidizing of fear monger gatherings. Without the U.S initiative and the IMF support, International Economic Co-activity would have been inconceivable uncommonly during the Cold war. In 2007-2008 Economic Crisis without the IMF and US authority in Economics the world would have experienced wretchedness as well as a downturn like in 1930's. The G-20 Summit have settled on concurrence with most partners from japan and China to the Eurozone so as to co-work and make advantageous Macroeconomic arrangements. The IMF had an extraordinary job in emergency soothing, for example, transforming Ukraine's administration with 17B $ and Ebola Epidemic is western Africa. Without the commitment of the United States together with the International Monetary Fund's emergency support wouldn't have been the equivalent. the US administration in the IMF has upheld its capacity to apply monetary and budgetary endorses in a remarkable alliance to put pressure on nations, for example, Iran and North Korea so as to let them stop their atomic brutality, this technique is as indicated by the idea of correspondence in the International Relations. Likewise the US as a solid monetary power, with Quarter the world GDP (17$ Trillion) has the responsibility for worldwide save resources. Jacob J. Lew is communicating why since he has been the U.S treasury secretary has been holding banters with both popularity based and republicans to administer congressional changes to keep up worldwide manageability and administration. The G-20 Summit was tending to worldwide feeble interest and every nation's job in restoring there Monetary, Fiscal and Structural arrangements to guarantee worldwide budgetary steadiness. The significance of the congressional changes is to guarantee the authority in light of the fact that the U.S dollar goes about as the world's save money. The United States began with its residential Agenda by improving the US central bank financial strategies and on the opposite side the president together with the congress were transforming their monetary arrangements by modifying the administration use and applying finance tax breaks which prompted development of the U.S Private Sector and the recovery of 14 Million occupations in 72 months. Consenting to universal exchange arrangements has helped the central bank to battle the out of line cash rehearses. The worldwide Agenda of the U.S was to improve the administration and modernize the IMF's framework so as to have the option to develop in the difficulties and have the option to have a voice in the worldwide total Demand and worldwide trade rates. The U.S isn't just working with regards to the IMF yet additionally the World Bank and the International Trade Organization to help comprehensive maintainable development. This development is implemented by making Sufficient assets accessible together with compelling strategies and effective Governance. As per the UN the Sustainable development is to have Food security, improvement in the framework, Education and social insurance. Additionally, the Sustainability must incorporate the Ability to manage discouragement, downturn and cataclysmic events. Advancement is a key job in the modernization of the worldwide exchanging frameworks. The most significant exchange accomplices whom influence the world's economy are China and the U.S in light of the fact that they gain half of the worldwide GDP. This previous year the reauthorization of Import-Export banks has assumed a significant job in controlling the oil costs and restricting psychological warfare. The Thesis behind this article is that the writer is expressing the significance of the U.S administration in the IMF and the WB. Just as its significance in the basic leadership. The U.S assumes a significant job in the emergency and states improvement through making approaches that is commonly favorable circumstances to all entertainers. The Sources that has helped the creator is that the creator himself is the secretary of the central bank. Additionally, the data is upheld by the US remote issues office, Congress and by Barack Obama Administration. The sources have helped the creator is sealing how significant is the U.S in the IMF and the WB, likewise how it can impact the basic leadership to be better just as the accuracy of the choices in order to be powerful. The Organization of the paper is successful in light of the fact that it began by a discussion between Barack Obama and Christine Lagarde at the G-20 Summit and how it was significant that the U.S must keep the Voting Power then the Author began clarifying why is it so essential to keep the administration in the World Economic circumstance. The sources were satisfactory is it was from trustworthy sources and furthermore the writer himself being the U.S Secretary of treasury has bolstered the proposal and have explained numerous results of the article. The creator hasn't added any diagrams or outlines to explain more subtleties, furthermore it would have been useful to explain more data in numbers as he examines more into total terms. The end is that U.S had a significant job in the worldwide financial aspects since the cool war by supporting emergency assuage choices, affecting approvals on the individuals who manufactured atomic weapons in order to advance harmony, supporting nations with money related emergency and aiding in increasing the worldwide expectations of living. As I would like to think, the U.S.A is giving a valiant effort to maintain its administration in control to control the world financial aspects. Likewise, keeping its Uni-extremity is its principle objective extraordinarily after the knowledge organization reports of losing its Uni-extremity in the following 20-25 years. The world is presently contending on the economy more than the military. The BRICS nations are concentrating on the economy which began to give them worldwide power and acknowledgment. What's more, the U.S isn't impacting emergency alleviation yet really the UAE is the genuine emergency help body which acts promptly in emergency.>GET ANSWER