Jack B. Moore Western Hemisphere Operations. Moore was the president and CEO of the company already in 2010 when a BP oil rig exploded (called the Deepwater Horizon oil spill). It killed eleven workers and spilled millions of gallons of oil into the Gulf of Mexico. This caused one of the worst environmental disasters in US history. The company paid BP over $80 million in a negotiated settlement. Moore has a B.B.A. from the University of Houston. He is a graduate of the Advanced Management Program at Harvard Business School. Moore serves on the board of directors for the American Petroleum Institute (AP!)l,
Economic effects of the Deepwater Horizon oil spill approximately $23 billion, in a region that supports over 400,000 travel industry jobs generating $34 billion in revenue annually. On 1 November, BP announced plans to spend $78 million to help Louisiana tourism and test and advertise seafood. The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in losses for each