‘BP Disaster’ Archives
This week, a coalition of Gulf Coast counties coordinated by the Florida Association of Counties released a web video stressing the importance of ensuring any fines collected due to the DeepWater Horizon Oil Spill are distributed to those states and counties directly impacted from this tragedy.
Despite what the Wall Street Journal is reporting, my sources in New Orleans are telling me that the settlement talks between the BP lawyers and the plaintiffs' attorneys have stalled. It appears BP is leaking info to the media to put pressure on the victims' lawyers to reach an agreement before [...]
The Wall St. Journal is reporting that BP and the lawyers for those hurt by the massive 2010 Gulf of Mexico oil spill are discussing a possible $14 billion settlement, which will be paid out of the $20 billion fund the oil giant set up for its Gulf Coast Claims Facility. BP still faces [...]
Press Release: It's unfortunate that the public's chance to understand what went wrong and who is to blame for the worst off-shore oil disaster in history has been delayed. This trial holds the promise of finally determining that BP and their partners were grossly negligent in the events [...]
The Times-Picayune is reporting that the House gave voice vote approval to an amendment that would dedicate 80 percent of Clean Water Act fines from the 2010 BP oil spill to a new Gulf Coast Restoration Trust Fund. The vote was a key victory for supporters of using the fine money to finance [...]
In an effort to pass the RESTORE Act—which would assure that 80 percent of the fines incurred as a result of the 2010 oil spill in the Gulf of Mexico would stay in the Gulf Coast region—legislators are planning to tack the proposal onto a transportation bill. According to Dan McFaul, Rep. [...]
BP faces fraud claims by investors who said the company lied before and after the 2010 Gulf of Mexico oil spill about its accident response capability, thanks to a ruling by U.S. District Judge Keith P. Ellison in Houston yesterday. Ellison said that holders of BP American depositary receipts to [...]
Congress, even a Republican-controlled one, can't control its avarice when it comes to billions that BP will have to pay in environmental fines for the BP Deepwater Horizon disaster. According to D.C. insiders, the buzz is that BP could try to settle with the U.S. Justice Department at the end of [...]
BP, owner of the “Deepwater Horizon” oil platform that exploded April 20, 2010, killing 11 workers and spewing 205.8 million gallons of crude oil into the Gulf of Mexico, won a major ruling in the trial to determine its liability for the damage caused by the three-month long undersea [...]
After a week in D.C., his layover at the Atlanta airport must have seemed almost calming. “Gawww-lee,” said Escambia County Commissioner Grover Robinson. “Washington is crazy.” Robinson was returning from Washington D.C. Wednesday night after a trip to the Beltway to push the RESTORE [...]
I'm hearing that the U.S. Senate and House are balking at the Restore Act - which would guarantee that the majority of the BP fine money related to the 201o oil spill would come to the the states most effected by the disaster - Florida, Alabama, Mississippi, Louisiana and Texas. Both Republicans [...]
UPI is reporting that there is still a chance BP will reach settlements with the federal government and the affected states before the Feb. 27 trial over the 2010 Gulf of Mexico oil disaster begins in New Orleans. Legal analysts estimate the settlement may be around $25 billion. Read more.