BP will be appealing a federal judge’s finding that it acted with gross negligence for its 2010 oil spill in the Gulf of Mexico. Some legal experts say the oil company will have a tough time in the appellate process.
A spokesperson for BP says the tragedy of the 2010 Deepwater Horizon oil spill was covered in great depth, but media have underreported the resilience the Gulf Coast has shown the last four years, and BP's role in its recovery.
Geoff Morrell is Senior Vice President for US Communications at BP. He addressed a few hundred reporters in New Orleans for the international Society of Environmental Journalists conference. Morrell defended BP’s record since the oil spill.
State coastal restoration officials will be holding a public meeting September 11 in Houma to review spending plans for fines linked to the 2010 Gulf of Mexico oil spill.
The Houma Courier reports projects will be funded through the Restore Council.
The money will come from criminal fines paid by Transocean, the owner of the Deeepwater Horizon drilling rig. It was working at the site of BP's Macondo well when the underwater well blew out in April 2010.
The disaster killed 11 workers and created the nation's largest offshore oil disaster.
The U.S. Treasury Department has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010.
The rules released yesterday formally set up a trust fund for money that state and local governments will get under the RESTORE Act and procedures for getting that money.
The total is expected to be billions of dollars, but nobody knows what it will be.
U.S. District Judge Carl Barbier has scheduled the third of three trials on the question in January.
Southern Arkansas University in Magnolia will offer a marine biology degree when classes begin later this month.
The new undergraduate major is expected to attract more than a dozen students, according to SAU provost and vice president for academic affairs Trey Berry. The 2010 Gulf Oil Spill heightened awareness about the need for studying oceans and the human toll on the Gulf Coast ecosystem, according to Berry.
British oil giant BP reported $3.6 billion in profit in its second quarter earnings release Tuesday. The company also reported $260 million in charges related to the 2010 Gulf of Mexico oil spill, NOLA.com reports.
Most of the charges are funds set aside to pay for future litigation relating to the spill.
The start of some major funding for coastal restoration begins next month. It’s part of the Restore Act fund established after the 2010 BP oil spill. Some are concerned there’s no details yet on how the affected communities will get their say on how it’s spent.