In what is being called the worst environmental disaster since the 2010 Deepwater Horizon BP oil spill, methane gas has been uncontrollably jetting into the atmosphere in California at about 1200 tons every day since October 2015.
British energy giant sees earnings plunge amid depressed crude prices, legal costs from Deepwater Horizon spill
This story originally appeared on TakePart. Sunday marks the 100th day of the Aliso Canyon natural gas leak in Los Angeles’ San Fernando Valley, an environmental disaster many experts have compared to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Show More Summary
Measuring the Impact of the BP Deepwater Horizon Oil Spill on Consumer Behavior Land Economics February 1, 2016 vol. 92 no. 1 82-95 O. Ashton Morgan, John C. Whitehead, William L. Huth, Greg S. Martin, and Richard Sjolander Abstract We exploit the timing of the BP Deepwater Horizon oil spill...
BP may not be done with paying up for the Deepwater Horizon oil spill yet, as a group of Mexican lawyers are suing the company for the damage it did to its waters. The oil reached Mexican shores on 30 April. Hundreds of communities which rely on fishing and tourism in the worst-affected states of […]
Federal prosecutors dropped manslaughter charges against BP’s two top employees on the Transocean oil rig Deepwater Horizon that blew up in 2010, the latest setback for investigators probing the largest offshore oil spill in U.S. history. The dismissal of the most serious charges against Robert Kaluza and Donald Vidrine, who supervised testing on the Macondo […] .
In 2010, BP's massive Deepwater Horizon oil rig exploded and burned off the coast of Louisiana, killing 11 workers and causing the biggest offshore oil spillage in history. For 87 days, until the well finally was capped, millions of gallons of environmentally damaging oil flowed into the Gulf of...
Now that there’s a finalized settlement between the Department of Justice and BP that puts an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico — which left eleven dead and released millions of gallons of oil into the water — officials are taking a close look at …
Early this week, the Obama Administration announced that it had finalized the terms of its settlement with BP (BP) stemming from the 2010 Deepwater Horizon oil spill. The final price tag will come in at $20.8 billion, which was higher than the $18.7 billion announced as recently as July. Nevertheless, this removes a major source [...]
The reckoning has finally come for British Petroleum’s massive 2010 oil spill off the Gulf Coast, with a court settlement of nearly $21 billion related to the disaster. The Washington Examiner reports that the money will be split upShow More Summary
BP will pay a $20.8 billion final settlement to resolve environmental damage claims related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The final settlement, announced yesterday by the US Department of Justice and five Gulf states, is about $2 million more than the tentative settlement, announced in July, and is […]
WASHINGTON (AP) — The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
Fusion, The Gulf Oil Spill Settlement Lets BP Get Away With Not Paying $5.35 Billion in Taxes: In announcing the final $20.8 billion settlement with BP over the 2010 Deepwater Horizon oil spill, Attorney General Loretta Lynch said on Monday, “BP is receiving the punishment it deserves.” What she didn’t...
The federal government on Monday announced the details of a record $20-billion civil settlement with the British oil company BP over the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico. Atty. Gen. Loretta Lynch called it “the largest settlement with a single entity in American...
The Obama Administration has reached a final settlement with BP in the amount of $20.8 billion over the oil giant’s culpability in the 2010 Deepwater Horizon spill. According to the Wall Street Journal, the Justice Department was close to reaching a BP settlement deal last July. Show More Summary
It's to be hoped that the American taxpaying public is thrilled with the $20.8-billion settlement announced Monday between BP and the Dept. of Justice over the 2010 Deepwater Horizon oil spill. That's because the taxpayers are likely to cover a large portion of BP's bill. Earlier estimates of the...
Deal settles all civil claims against BP, binds company to clean up Gulf Coast area; oil spill washed up on 1,300 miles of shoreline
By Rakteem Katakey, Del Quentin Wilber and Margaret Cronin Fisk (Bloomberg) — The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The settlement is the largest in […] .
The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Continue reading ? The post U.S., five states announce settlement with BP over gulf oil spill appeared first on PBS NewsHour.
The rig explosion in 2010 killed 11 workers and spewed millions of barrels of oil onto the shorelines of several states.