Deep-Water Drilling Ban Lifted by Salazar

U.S. Interior Secretary Ken Salazar said he is lifting the Obama administration’s ban on deep-water drilling, citing new safeguards intended to prevent a repeat of BP Plc’s spill in the Gulf of Mexico.

‘I have decided that it is now appropriate to lift the suspension on deepwater drilling for those operators that are able to clear the higher bar that we have set,” Salazar said today on a conference call with reporters.

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