Monday, June 14, 2010

'A Disaster, Privately Managed'

David Carr writes on BP's continued restriction of media and public access for the NY Times: A Disaster, Privately Managed
“Given recent volatility in BP share price, I’m told that information related to top kill is now considered stock-market sensitive, which means it has to be managed under disclosure rules for the London and N.Y. stock exchanges,” the BP media official said in an e-mail message. “In a nutshell, that means all investors must be provided information on an equal basis. That precludes me from sending you updates as various aspects of the operation unfold.” 

Really? Should the volatility of a company’s stock price determine how public information on an environmental disaster be delivered to the public?

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