Topic: Oil Pollution Act

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BP faces billions in fines as spill trial nears

The huge legal bill for the catastrophic 2010 oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens Monday to determine the company’s liability for the blowout of its Macondo well.
Gulf oil spill could result in criminal charges for BP employees

The Wall Street Journal reports that federal prosecutors are targeting several Houston-based engineers and at least one supervisor employed by British oil giant BP connected to the 2010 Gulf oil spill.
BP to inject $1 billion into Gulf restoration

BP money is expected to pay for restoration projects, which may include building new fishing piers and oyster reefs, or stabilizing bird sanctuaries with rock barriers
Gulf oil spill report warning: US must watch offshore drilling more closely

President Obama's commission to investigate the Gulf oil spill suggested wide-reaching reforms to avoid another disaster, including new oversight of the offshore-drilling industry.
US sues BP, eight others to cover cleanup, losses from Gulf oil spill

Justice Department seeks unlimited payments from BP and other companies to cover cleanup costs, economic losses from this year's huge Gulf oil spill. The civil suit alleges safety lapses by BP and others.
Senate Democrats forced to accept much slimmer energy bill

Without enough votes, Senate Majority Leader Harry Reid has been forced to abandon a comprehensive energy bill. Gone is any tough climate provision. Will the House buy it?
Gulf oil spill: Five numbers that could sink BP CEO Hayward

Gulf oil spill has cost BP nearly half its market value and at least $10 million a day in potential US fines. Can BP CEO Hayward survive those losses?
BP cleanup: Are other firms in Gulf oil spill blame game helping?

BP is leading the Gulf oil spill cleanup because it has a majority share in the well. Other companies connected to the Deepwater Horizon operation are helping, but not at their own expense – yet.
Why the US hasn't made BP do what’s necessary

BP has legal duties to repay its creditors and to maximize the share prices of its stockholders. Its duties to the United States are still vague and unknown.
Seven reasons investors sweat math in BP oil spill

In response to the BP oil spill, House Speaker Pelosi called on Friday for lifting a cap on economic damages that firms can face after an oil spill.
BP takes Gulf oil spill heat, but what about other companies?

BP accepts responsibility for the massive Gulf oil spill, making it a lightning rod for public rebuke. But other companies, including Transocean and Halliburton, may be legally liable, too.
After oil spill cleanup, will we tighten the laws?

As the BP oil spill cleanup continued last week, Senator Charles Schumer (D-NY) proposed new legislative action that would raise the BP's liability. Are we entering a new era of increased regulation?
Oil spill jail time for BP officials? It could happen.

BP officials could be prosecuted under the Clean Water Act, the Oil Pollution Act, and the Endangered Species Act. So could federal officials if they aided and abetted any illegal acts.
Gulf oil spill: Obama’s big political test

President Obama is facing a critical test of his political philosophy: If the federal government can do so much, why can’t it stop the slow-motion Deepwater Horizon disaster in the Gulf?
As Gulf of Mexico oil spill hits land, residents decry response

Five years after hurricane Katrina, Gulf Coast residents see in the Deepwater Horizon Gulf of Mexico oil spill another example of the government failing to protect the land and the people.