May 3, 2010 2:43 PM by Bea Karnes, News First 5
The leader of the U.S. Olympic Committee sees no immediate change in the federation's multimillion-dollar sponsorship deal with BP PLC after a massive oil spill in the Gulf of Mexico.
Earlier this year, BP signed on as a major USOC sponsor, saying the Olympics' commitment to environmental issues gave it a perfect platform to promote its own green initiatives.
On April 20, a BP rig exploded, killing 11 workers and resulting in a spreading oil spill that the company said it will take responsibility for cleaning.
The deal puts the USOC in an awkward situation - partners with a company involved in an environmental disaster on U.S. shores - though CEO Scott Blackmun said Monday he sees no indication that the sponsorship could be in jeopardy.