How much does BP pay in state settlements?
How much does BP pay in state settlements?
In 2015 the Justice Department and Gulf coast states reached a record civil settlement with BP that totaled over $20 billion, including a $5.5 billion civil penalty under the Clean Water Act, $8.1 billion in natural resource damages and $5.9 billion in payments to state and local governments.
Did the employees of Deepwater Horizon get a settlement?
Oleander Benton, a worker who survived the explosion on the Deepwater Horizon rig deep in the Gulf of Mexico in 2010, has reached an undisclosed settlement with British Petroleum, Transocean Ltd., and other companies responsible for operating the Deepwater Horizon rig.
How much did BP pay in compensation?
BP is nearing the end of the $65bn (£47bn) Deepwater Horizon compensation process, it said as it announced an unexpectedly high payout of $1.7bn among the final few hundred outstanding claims.
What laws were passed after Deepwater Horizon?
On July 1st, the House passed the SPILL Act, to reform maritime liability laws — Death on the High Seas Act (1920), Jones Act (1920) and the Limitation on Liability Act (1851) — to ensure that the families of those killed or injured in the BP Spill and other such tragedies are justly compensated for their losses.
What did BP payout for Deepwater Horizon?
Under the final consent decree, BP will pay the trustees up to $8.8 billion, the largest recovery of damages ever for injuries to natural resources, to restore the Gulf. The settlement includes: $1 billion already allocated during early restoration which began in 2011.
How much did BP payout for Deepwater Horizon?
What does BP stand for in Gulf Oil Spill?
Samples in periodicals archive: The Deepwater Horizon oil spill (also referred to as the BP oil spill, the Gulf of Mexico oil spill, the BP oil disaster, or the Macondo blowout) is an oil spill in the Gulf of Mexico which flowed unabated for three months in 2010.
What are the effects of BP oil spill?
Oil spills have a number of effects on the environment and economy. On a basic level, oil spill effects will damage waterways, marine life and plants and animals on the land. The impact of oil spills can also ruin the infrastructure and economy of a particular area with the long-term effects being felt for decades.
What is BP oil disaster?
The Deepwater Horizon oil spill (also referred to as the BP oil spill/leak, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on 20 April 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect , considered to be the largest marine oil spill in the history of the petroleum
What does BP oil spill mean?
What is the ‘BP Oil Spill’. The BP Oil Spill was the most massive oil spill in U.S. history. The cause of the discharge was an explosion on the British Petroleum ‘s Deepwater Horizon oil rig in the Gulf of Mexico on April 20, 2010.
