What does the BP settlement mean for Gulf of Mexico?
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. $7.1 billion for restoration stretching more than 15 years beginning in 2017.
What is in the BP oil rig settlement?
The settlement ended all civil and criminal penalty claims against the owners and operators of the rig – BP, Anadarko, TransOcean and Halliburton – under the Clean Water Act and the Oil Pollution Act. It also included economic damage claims submitted by the five Gulf states and their local governments.
Where did the money from the Deepwater Horizon oil spill settlement go?
Deepwater Horizon oil spill settlements: Where the money went 1 The RESTORE Act results in ‘funding buckets’ Unprecedented funding to support Gulf-wide restoration and research 2 Record-setting penalty Major restoration programs funded for next 30 years 3 10 years of research funded Billions in private claims assessed
How much did the BP oil spill cost?
In June, 2016 BP announced that it had come up with its final estimate of the cost for the oil spill: $61.6 billion.
Where did the BP oil spill money go?
Mississippi has received about $192 million from the fund. Alabama has received about $300 million; Florida, about $290 million; Louisiana, $603 million; and Texas, $203 million. About $940 million remains to be allocated.
How much compensation did Deepwater Horizon survivors get?
It was largely settled when a Federal District judge approved the largest environmental damage settlement in United States history – $20.8 billion – on April 4, 2016.
Is BP still paying for Deepwater Horizon?
Total BP money paid out pushing $60 billion It'll cost $6.4 million, but the city has that sum covered, thanks to their settlement with BP Oil. Almost 10 years since the Deepwater Horizon disaster in the Gulf of Mexico and five years from the settlement was announced, BP oil money is still coming to Tampa Bay.
How much was the BP settlement?
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.
How much did the families get from BP?
On Feb. 15, 2018, the Mexican government agreed to the $25.5 million payout from BP, in return for settling their lawsuit, clearing the transnational energy giant of all damages to Mexican waters.
Did anyone from BP go to jail?
(Reuters) - A former BP Plc BP. L rig supervisor who pleaded guilty to a misdemeanor charge in the 2010 Gulf of Mexico oil spill was sentenced to 10 months of probation on Wednesday, concluding a federal criminal case in which no one received prison time over the disaster.
What happened to the BP executives on Deepwater Horizon?
Vidrine and fellow rig supervisor Robert Kaluza were indicted in 2012 on manslaughter charges, but the case eventually fizzled after a judge threw out some of the manslaughter charges and prosecutors elected to drop the rest.
Is the Deepwater Horizon well still leaking?
One oil well off the southeastern coast of Louisiana, owned by Taylor Energy, has been leaking since 2004, spilling between 300 and 700 barrels per day. The well's reserves could keep it leaking for the next 100 years if it isn't capped, meaning it will one day eclipse the Deepwater Horizon spill in terms of volume.
How much did it cost to clean up the oil from Deepwater Horizon?
In July 2016, BP announced Deepwater Horizon's total cost was $61.6 billion dollars. According to Reuters, however, as of September, the British oil and gas company has paid $63.4 billion in legal fees and cleanup costs.
Who was liable for Deepwater Horizon?
On Jan. 29, 2013, BP Exploration and Production Inc. pleaded guilty to illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4 billion in criminal fines, penalties and restitution, including $2.4 billion for natural resource restoration.
Who went to jail for Deepwater Horizon?
The Takeaway More than two years after the Deepwater Horizon drilling rig explosion that killed 11 workers and caused millions of barrels of oil to spill into the Gulf of Mexico, federal authorities have arrested Kurt Mix, a former BP engineer.
How much did BP pay in legal settlements following the Deepwater Horizon disaster?
BP to settle federal, state and local Deepwater Horizon claims for up to $18.7 billion with payments to be spread over 18 years.
What happened to Donald Vidrine?
Donald J. Vidrine, who faced federal prosecution as one of two BP supervisors on the Deepwater Horizon when the drilling rig exploded in the Gulf of Mexico in 2010, killing 11 rig workers and causing the nation's worst offshore oil spill, died June 3 at his home in Baton Rouge. He was 69.
Were there any survivors of Deepwater Horizon?
94 of the workers who survived were taken by lifeboat and 17 were evacuated by helicopter. Some jumped from the rig as the fire spread. The workers who lost their lives ranged in age from just 22 years old to 49 years old; 2 were engineers and 9 were crew members on the platform floor.
When did the Deepwater Horizon spill start?
The Deepwater Horizon oil spill began on April 20, 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect.
How much is the Gulfport Biloxi airport expansion?
Gulfport-Biloxi International Airport Site Expansion and Facility Relocation ($3.19 million) — expand the airport’s 241-acre runway-adjacent Project Ready site to attract industrial aerospace investment. Also, demolish the antiquated vehicle fleet maintenance facility and build a new facility adjacent to the airport’s maintenance building.
How much did BP pay for the well?
In 2016, the Department of Justice reached the largest environmental damages settlement in history, forcing United Kingdom-based BP to pay more than $20 billion. That money, combined with over $2 billion in criminal penalties — as well as smaller settlements against Transocean and Anadarko, two companies that owned the vessel and part of the well, respectively — is earmarked over the next decade or so through several federal funding programs and the five Gulf states of Texas, Louisiana, Mississippi, Alabama and Florida.
What is the purpose of BP funds?
The state has spent BP funds on several projects that address water quality: acquiring land that had been privately owned to help reduce harmful runoff; rebuilding the oyster population, which acts as a water filter; and implementing natural living shorelines with marshes, which, like oysters, remove excess nutrients, reducing the potential for harmful algae blooms.
What is MDEQ's top priority?
Spending around water quality in particular, which MDEQ frames as a top priority, has lagged behind other areas. While other projects address the issue, the state’s central focus on water quality is to fix the Coast’s aging sewer system, a project that had received less than a million dollars in spending as of last December.
What are some examples of spillway issues?
For example, after a record-breaking two openings of the Bonnet Carré Spillway last yea r, which wiped out marine life and left fishermen reeling, federal officials said earlier this year that any change in the spillway’s operation would require congressional action. The spillway openings cause sharp changes to the Gulf’s salinity, which in 2019 killed nearly all of the state’s oysters and over half of its shrimp and blue crabs.
What are the goals of the Mississippi spill?
After the spill, the Mississippi Department of Environmental Quality landed on three primary goals for the state’s $1.3 billion, which it said are based largely on conversations with local Coast stakeholders: improving water quality, restoring marine resources, and conserving coastal habitat.
Has Mississippi recovered from the oil spill?
He said that although the Coast had historically been an economic driver for the state, it hasn’t recovered as well as the rest of Mississippi since the Great Recession in 2008.
Who was the governor of Mississippi when the BP explosion happened?
After the explosion in 2010, Haley Barbour, Mississippi’s Republican governor at the time, demanded BP pay the entire cost of the cleanup.
