Topic: Oil Pollution Act
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.
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.
12/29/2011 05:36 pm
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
04/22/2011 10:29 am
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.
01/11/2011 05:22 pm
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.
12/15/2010 04:58 pm
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?
07/24/2010 09:48 am
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?
06/21/2010 06:07 pm
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.
06/15/2010 02:45 pm
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.
06/14/2010 10:22 am
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.
06/11/2010 07:59 pm