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BP to Pay $20.8bn Gulf Oil Spill Settlement

BP will pay a $20.8 billion final settlement to resolve environmental damage claims related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The final settlement, announced yesterday by the US Department of Justice and five Gulf states, is about $2 million more than the tentative settlement, … Read more »

oil covered sand

BP Releases Oil Spill Cleanup Environmental Data

BP has released environmental data used in its efforts to clean up the Gulf of Mexico where its Macondo well spilled millions of barrels of oil in 2010. Since the oil spill, federal and state agencies, as well as BP, have collected more than 2.3 million lines of water chemistry … Read more »

Policy & Enforcement Briefing: BP State Claims, Sea Rise Risks, DOT Speeds up Reviews

Gulf Coast states and local governments have made a combined $34 billion in claims against BP for the 2010 Macondo oil spill. BP said that the methods used to calculate the claims are seriously flawed, and the claims overstated, and the company would litigate them, Reuters reports. Boston Mayor Thomas … Read more »

BP Pleads Guilty, Pays $4.5bn in Gulf Spill Settlement

BP has pleaded guilty to federal felony charges and agreed to pay $4.5 billion in fines for the Deepwater Horizon disaster, which killed 11 workers and caused the worst offshore oil spill in US history. BP will pay $4 billion in installments over five years as part of its resolution … Read more »

Policy & Enforcement Briefing: Macondo Well, TX Emission Caps, Carbon Capture

The US Coast Guard has confirmed that oil from a sheen spotted on the Gulf of Mexico near the site of the sunken Deepwater Horizon rig matches samples from BP’s Macondo well. The Coast Guard notified BP and Transocean that either party or both may be held accountable for any … Read more »

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