On Tuesday, President Barack Obama addressed the nation from the Oval Office, summoning Americans to a “national mission” to move away from reliance on oil and develop alternative sources of energy, and noted that it is imperative for Congress to act quickly to overcome “a lack of political courage and candor” surrounding the BP Oil…
BP Gives Second $25 Million Grant to Alabama
BP is providing the State of Alabama with an additional $25 million grant to continue implementation of the State’s Area Contingency Plan in the wake of the oil spill from the MC252 well. This $25 million grant is in addition to a previous $25 million block grant that BP announced on May 5 to help…
BP To Fund Wildlife Rehabilitation
BP announced it plans to donate the net revenue from oil recovered from the MC252 oil spill to create a new wildlife fund that would create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama and Florida. The creation of this fund exceeds the company’s obligations under the Oil Pollution Act…
BP Funds Barrier Islands Project
BP has announced that it plans to make an immediate payment of $60 million to the State of Louisiana as part of its previously pledged commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project. In a letter to Louisiana Governor Bobby Jindal BP detailed its plans to…
BP Funds Louisiana Barrier Islands Construction
BP today announced that is has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government. The company has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP…
Oil Spill Investigation Continues
BP’s internal investigation team has started sharing initial perspectives of its review of the causes of the tragic Deepwater Horizon fire and oil spill. The investigation is a fact-finding effort that is still underway, and has already identified various issues for further inquiry. BP has shared these early perspectives with the Department of the Interior…
BP Investigates Spill Impact
BP today announced a commitment of up to $500 million to an open research program studying the impact of the Deepwater Horizon incident, and its associated response, on the marine and shoreline environment of the Gulf of Mexico. “BP has made a commitment to doing everything we can to lessen the impact of this tragic…
BP Pledges Transparency Regarding Spill
BP has reiterated its promise to be open and transparent in its response to the oil spill in the Gulf of Mexico, the company announced in a press release. BP confirmed its continuing commitment to co-operate with the Department of Homeland Security (DHS) and the Environmental Protection Agency (EPA) in facilitating access by the US…
BP Refutes Atlantis Accusations
BP has responded to allegations that its Atlantis platform in the Gulf of Mexico operated with incomplete and inaccurate engineering documents. In light of claims recently made in the media that flawed or missing documentation posed a threat to safe operation of the platform, BP said it had thoroughly investigated these allegations when they were…
BP Releases Video of Spill
BP increased the estimated cost of its Gulf of Mexico oil spill to $450 million Thursday, after it released a video showing oil and gas pouring from its well a mile beneath the ocean’s surface, MarketWatch reported. BP released the video to the public late Wednesday, more than three weeks after the Deepwater Horizon drilling…