The presidential panel investigating the 2010 oil spill in the Gulf of Mexico recommended on Tuesday that Congress approve substantial new spending and sweeping new regulations for offshore oil operations at a time when the appetite for both is low.
Releasing its final report, the commission found that the Deepwater Horizon explosion and subsequent oil spill arose from a preventable series of corporate and regulatory failures. It warned that unless industry practices and government regulation improved, another such accident was inevitable.
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