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BP Spill Pact Excluded Billions in Possible Loss Claims
2013-02-22 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Bill Floyd, owner of an upscale seafood restaurant near downtown Houston, is a poster-child for the type of damage claim BP Plc (BP/) left out of its $8.5 billion settlement for the biggest offshore oil spill in U.S. history. When the energy companys blown-out Macondo well dumped more than 4 million barrels of crude oil into the Gulf of Mexico in 2010, Floyd saw his costs for fresh shrimp, crab and oysters almost double overnight while his sales flat-lined. Ninety percent of our menu comes...
Tags: loss
claims
excluded
spill
BP Witness May Help Halliburton Avoid Spill Trial Blame
2013-02-22 03:24:42| Oil & Gas - Topix.net
Halliburton Co. may escape paying billions of dollars in damages for its role in the biggest offshore oil spill in U.S. history thanks to statements by a witness for codefendant BP Plc.
Tags: trial
avoid
witness
blame
Chevron, Transocean say Brazil drops criminal oil spill charges
2013-02-21 01:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November 2011 offshore oil spill, the companies said on Wednesday. The criminal case, and a civil suit seeking as much as 40 billion reais ($20.4 billion) in damages, have cast a chill over Brazil's oil industry. The criminal suit carried penalties of up to 31 years. The still-open civil case is Brazil's largest-ever environmental lawsuit, even though the amount of oil spilled...
Tags: oil
brazil
charges
criminal
Oil spill cleanup on Mississippi River complete
2013-02-07 03:41:05| Waste Management - Topix.net
The Coast Guard has completed cleanup of the oil spill near Vicksburg, Miss., that closed the major shipping channel for days in both directions.
Tags: complete
river
oil
mississippi
Draft Arctic Oil Spill Agreement Inadequate
2013-02-06 21:53:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: Environmentalists are warning that a meeting of environment ministers that took place Monday in Sweden has agreed on a weak and inadequate response plan in case of an oil spill in the Arctic Ocean. According to Greenpeace, an environment watchdog, a leaked copy of the document suggests that the eight member states that make up a group dubbed the Arctic Council have failed to agree on the technical details necessary for dealing with a large-scale disaster, even while it opens the way for increased...
Tags: agreement
oil
draft
inadequate
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