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.
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.
How much did the private settlement agreement cost the US government?
This included its own estimate of both the remaining business economic loss claims and the claims of businesses that opted out of the private settlement agreement, as well as the $20.8 billion settlement with the federal government and five states.
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.
Did BP pay survivors?
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.
How was the BP oil spill case resolved?
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.
What is the current status of the Deepwater Horizon oil spill?
Where are we now? While the harrowing images of oil-soaked wildlife and beaches have subsided, science has revealed that the impacts of the spill are ongoing and significant. BP agreed to settle out of court and pay more than $20 billion. A judge approved the settlement on April 4, 2016.
How much did BP sue for Deepwater Horizon?
On November 14, 2012, BP and the US Department of Justice reached a settlement under which BP agreed to pay $4.5 billion in fines and other payments, the largest of its kind in US history. BP also agreed to plead guilty to 11 felony counts related to the deaths of the 11 workers.
How much did BP pay the families?
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.
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.
Is there still oil from Deepwater Horizon?
A total of five million barrels of oil spilled into the gulf. Polluting the water, killing marine life, and causing America's largest environmental disaster. A disaster that still lingers in the gulf more than 10 years later. “Currently there's a substantial amount of that oil still in the environment,” said Murawski.
Could Deepwater Horizon been prevented?
A culture of tighter safety and more experienced regulators might have prevented the BP Deepwater Horizon leak. But equipment modifications and new technology will be needed to minimize the risk of such deepwater oil leaks.
How much did BP pay in compensation?
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.
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.
Who was held responsible for Deepwater Horizon?
Who owned the rig responsible for the Deepwater Horizon oil spill? The oil rig involved in the Deepwater Horizon oil spill was owned and operated by offshore oil-drilling company Transocean and leased by the oil company BP.
How did the public react to the BP oil spill?
Public opinion 73 percent in the Gallup poll describing BP's response as poor or very poor, while 24 percent said it had been good or very good. In the CBS survey, 70 percent disapproved of BP's response, with only 18 percent approving and 12 percent undecided.
Did BP have a crisis management plan?
British Petroleum did not have an emergency response plan for its Deepwater Horizon drill rig; such plans direct personnel to the proper procedures for responding to incidents like the current spill in the Gulf of Mexico.
What did BP learn from the oil spill?
Oil plays too big a role in the world economy to turn off the spigot – or to stop exploring for new sources of crude to replace declining oil fields already in production. The larger lesson of the BP oil spill – the environmental and economic risks of over-reliance on fossil fuel – is lost on no one.
What crisis communication tactics did BP use for dealing with complaints against it?
BP relied on the following social media channels for crisis communication: Twitter, Facebook, Flickr and YouTube. Twitter and Facebook are mainly used to provide the latest news from the crisis region and to report on the status of the independent committee of inquiry.
How much did BP spend on restoration of the Gulf of Mexico?
In 2011, one year after the Deepwater Horizon oil spill, BP agreed to provide up to $1 billion toward early restoration projects in the Gulf of Mexico. Since then, the Trustee Council has approved five early restoration plans, encompassing 65 projects at an estimated cost of $866 million. These projects allowed us to start restoring the Gulf before the formal damage assessment ended. Those funds are credited towards the possible final $8.8 billion total.
How much was the environmental damage settlement?
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.
What percentage of the oil spill liability fund is used for oil spill removal?
The remaining 20 percent , or $1.33 billion, went to The Oil Spill Liability Trust Fund, a general government fund established in 1986 to aid in oil spill removal and assessment of the damage they have caused.
How much was the Deepwater Horizon case?
history. BP pled guilty in 2012 to 14 felony counts and was fined a record $4 billion –and half directly benefits the Gulf. $4 billion.
How much money did Louisiana get from the oil spill?
Louisiana will receive more than half the funding, $5 billion, since it saw the most significant damage from the spill. Detailed allocations and project information can be found on the Trustee Council website.
What was the largest settlement in history?
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.
Which state is affected by the Deepwater Horizon oil spill?
The Alabama shoreline is one location affected by the Deepwater Horizon oil spill. (NOAA)