The latest step taken by the Trump administration in supporting the energy industry has been the relaxation of safety rule for offshore oil and gas production, put in place following the Deepwater Horizon disaster caused by BP in 2010, Reuters reports, citing a document its reporters had seen. The Deepwater Horizon platform exploded in April 2010, resulting in 11 casualties, many injured and the worst marine environmental disaster in the history of U.S. oil, with almost 5 million barrels leaking into the Gulf of Mexico. The disaster cost BP around US$65 billion in settlements and compensation. Afterwards, the Obama administration began a quest to tighten drilling rules offshore, which led to a series of new regulations that oil companies complained will only raise their costs but have no palpable impact on safety. Now, the Interior Department has revised the safety systems regulation put into place in 2016, which means […]