gulf of mexico
February 26, 2013 -
BP could be on the hook for as much as $21 billion in fines for its 2010 Gulf oil spill disaster. An effective investment strategy would address both environmental and economic interests.
January 14, 2013 -
The company is seeking to reduce its civil liabilities under the Clean Water Act by excluding the oil it salvaged from the total amount spilled in the 2010 Deepwater Horizon disaster. Meanwhile, the court has approved a settlement for medical claims related to the spilled oil and dispersants used to break up the slick.
December 12, 2012 -
A professor involved in a scientific conflict of interest scandal at the University of Texas has moved to a Louisiana coastal research nonprofit -- where he continues to be less than upfront about his oil and gas industry connections.
November 16, 2012 -
The oil giant has agreed to pay the largest criminal fine in U.S. history, and three of its managers were indicted on charges including felony manslaughter. But the company says it plans to "vigorously defend" itself against pending civil claims, even while its spilled oil still washes ashore and people and sea life continue to suffer.
October 22, 2012 -
As protestors in East Texas continue to fight construction of a pipeline originally proposed to carry dirty tar sands oil from Canada to Gulf Coast refineries, builder TransCanada has threatened them with a type of lawsuit designed to stifle citizens' right to assemble and freedom of expression.
October 17, 2012 -
A large oil sheen in the Gulf of Mexico reported by watchdogs as far back as August 2011 has been tied to BP's failed Macondo well. Congressional leaders are demanding answers from the company about the ongoing oil release, and they also want to ensure BP pays fully for the damages caused by its 2010 disaster.
August 17, 2012 -
With the Oct. 1 deadline to opt out of the BP settlement fast approaching, Gulf fishermen are confronted with the tough choice of accepting what many say is an inadequate settlement payout or fighting for more with the risk of getting nothing at all.