BP & government "approval"

Hope your summers are going well.  The mess in the Gulf brings to mind a question.  The MMS (Dept of Interior division) basically approved the well drilling and completion amendments that BP requested.  It also approved the Environmental Impact Statements, which we now know were very deficient (walruses in Gulf of Mexico).

What is the effect of such government approval of what appears now to be negligent or incompetent acts? I assume BP and others will assert such approval rescues them from any punitive damages, but I recall, vaguely, that relying on an IRS agent to help you fill out your tax form does not, in the end, protect you from having to pay more tax, if agent gave you wrong advice.

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