Showing posts tagged gulf oil spill
BP Gulf of Mexico fund running out of cash
BBC News:BP’s compensation fund that it set up to pay claims related to the Gulf of Mexico oil spill is running out of cash.
The oil giant announced that the fund, which originally had $20bn, has just $300m left.
The deadline for business to claim loss of earnings due to the spill is not until April next year.
Photo: Gathered concentrated oil burns during a controlled oil fire May 5, 2010 in the Gulf of Mexico. (Getty Images)

BP Gulf of Mexico fund running out of cash

BBC News:BP’s compensation fund that it set up to pay claims related to the Gulf of Mexico oil spill is running out of cash.

The oil giant announced that the fund, which originally had $20bn, has just $300m left.

The deadline for business to claim loss of earnings due to the spill is not until April next year.

Photo: Gathered concentrated oil burns during a controlled oil fire May 5, 2010 in the Gulf of Mexico. (Getty Images)

BP pleads guilty to oil spill felony, to pay extra $4.5 billion

Reuters:

British oil company BP Plc pleaded guilty on Thursday to criminal charges relating to its 2010 oil spill and agreed to pay an extra $4.5 billion on top of the tens of billions it is already paying out.

BP said it would plead guilty to 11 felony counts of misconduct or neglect relating to the death of 11 workers.

Photo: A brown pelican coated in heavy oil wallows in the surf on East Grand Terre Island, Louisiana, on June 4, 2010. (Win McNamee / Getty Images)