The Presidential Daily Brief

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  1. U.S. Federal Government Lifts Ban on BP Bids

    BP and the Environmental Protection Agency (EPA) have reached an agreement that will allow BP to do business with the U.S. government for the first time since the 2010 Deepwater Horizon oil spill. BP sued the EPA when the ensuing ban on the company renewing or bidding for federal contracts was not lifted, even after it reached a $4.5 billion settlement with the Justice Department. The new agreement requires BP to comply with heightened safety, ethical, and corporate governance standards. But critics say it doesn’t go far enough — especially since the Deepwater clean-up is still under way.

    Sources: WSJ  (sub), NYT, BBC

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