Originally Posted by Rollo
I'm wondering what will happen if this disaster rips BP to bits.
If BP is brought to court with multiple law suits, it could possibly file for bankruptcy and then it would be placed into either administration or worse, the liquidators would step in.
If the company is liquidated, BP would be picked apart like carrion by the other supermajors, and the relevant parts of the company would remain untouched.
Thus, legally BP would cease to exist, the environmental disaster would continue, the other oil companies would carry on as normal, and the poor people who have lost their livelihoods wouldn't be helped even an iota.
That is what I fear is going to take place over the next three years.