it has avoided bankruptcy so far." It all depends,says Faulkner, on whether the damaged well can be fixed, the spill stopped permanently and how well clean-up operations go.
VOA: standard.2010.07.27
They expected their borrowing costs would ease as a result of what they described as a "prompt and well-defined clean-up operation".
Given that modest recovery for some of the worst-hit economies is already in view for next year, many investors are now worrying that any corporate clean-up, no matter how well-intentioned at the start, could lose momentum.
The Greater Houston Partnership, an alliance of hard-nosed businessmen that looms large locally, has worked well with Bill White, Houston's business-minded but green mayor, to support his clean-up of the city's air and water.