Another Gulf Oil Spill - SPECIAL REPORT
BP Within Days of Well Kill; Makes First Deposits Into Claims Fund
Despite BP Oil Spill Disaster, Federal Appeals Court Says ‘Drill, Baby, Drill’
BP Oil Spill Shaping Up to be U.S. Worst Environmental Disaster
Coast Guard “Cautiously Optimistic” That BP Top Hat Operation is Working
BP Bottom Kill Operation for Oil Spill Planned For After Labor Day
Shell Oil Company Sues BP For Loss of Production/Profit due to Oil Spill
BP Oil Spill Timeline - Ongoing Disaster
Obama Plans Tax Hike on BP to Pay for Oil Spill
BP CEO Hayward Out - Claims 'Many Companies to Blame for Gulf Disaster'
BP moves forward on Containment Dome to Stop Oil Leak
“Bottom-Kill” - Final Step in Disabling BP Ruptured Well - Approved
Gulf of Mexico Oil Spill Disaster Worsens
Hidden Costs - BP Oil Spill and Mental Health
The World Suffers Another Oil Spill in China
BP Oil Spill World’s Worst Accidental Spill
Although observers of the BP oil spill might think the conclusion obvious, it is now official that the BP oil spill is the world’s worst accidental oil spill. Along with somewhat macabre bragging rights, the decision is going give BP an even bigger financial debt to pay than before.
On Monday, U.S. government scientists released new data that indicate almost 5 million barrels (205.8 million gallons) of oil gushed into the Gulf of Mexico before a temporary containment cap finally stopped the leak from the ruptured BP well. The previous record-holder for worst accidental oil spill was the Ixtoc 1 off the coast of Mexico in 1979 with "only" 140 million gallons of oil spewed into the Bay of Campeche.
The revised data means that BP is now on the hook for at least $1 billion more in oil spill fines and costs. Additionally, if BP is found negligent regarding the oil spill they will be responsible for $4300 per barrel in fines rather than the $1100 per barrel anticipated under the guidelines of the Clean Water Act.
BP has said it will sell $25 billion to $35 billion of company assets to pay for oil spill fines and costs.
Recommended for Further Reading:
- Another Gulf Oil Spill - SPECIAL REPORT
- BP Within Days of Well Kill; Makes First Deposits Into Claims Fund
- Despite BP Oil Spill Disaster, Federal Appeals Court Says ‘Drill, Baby, Drill’
- BP Oil Spill Shaping Up to be U.S. Worst Environmental Disaster
- Coast Guard “Cautiously Optimistic” That BP Top Hat Operation is Working
- BP Bottom Kill Operation for Oil Spill Planned For After Labor Day
- Shell Oil Company Sues BP For Loss of Production/Profit due to Oil Spill
- BP Oil Spill Timeline - Ongoing Disaster
- Obama Plans Tax Hike on BP to Pay for Oil Spill
- BP CEO Hayward Out - Claims 'Many Companies to Blame for Gulf Disaster'
- BP moves forward on Containment Dome to Stop Oil Leak
- “Bottom-Kill” - Final Step in Disabling BP Ruptured Well - Approved
- Gulf of Mexico Oil Spill Disaster Worsens
- Hidden Costs - BP Oil Spill and Mental Health
- The World Suffers Another Oil Spill in China
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BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
What was the worst Purposeful spill? RT @cleangreenpro BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech
BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
RT @cleangreenpro: BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
RT @cleangreenpro - BP Oil Spill World’s Worst Accidental Spill http://bit.ly/cBFauY #eco #cleantech #greenbuilding #renewableenergy
RT @TFMTweets: RT @buildaroo: BP oil spill is officially worst accidental oil spill http://bit.ly/cBFauY #oilspill #gulfoilspill #enviro ...
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Interesting phrasing. Are there purposeful oil spills? RT @buildaroo BP's is officially worst accidental oil spill http://bit.ly/cBFauY
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RT @adamcapital RT @buildaroo: It's official - BP oil spill is worst accidental oil spill http://bit.ly/cBFauY #oi... http://bit.ly/at8Mp5
RT @Winterthur MT @buildaroo: It's official - BP oil spill is wor$t NEGLIGENT oil spill http://bit.ly/cBFauY #oils... http://bit.ly/9TyMAk
RT @winterthur: MT @buildaroo: It's official - BP oil spill is wor$t NEGLIGENT oil spill http://bit.ly/cBFauY #oilspill #gulfoilspill #e ...
MT @buildaroo: It's official - BP oil spill is wor$t NEGLIGENT oil spill http://bit.ly/cBFauY #oilspill #gulfoilspill #environment
RT @buildaroo: It's official - BP oil spill is worst accidental oil spill http://bit.ly/cBFauY #oilspill #gulfoilspill #environment