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BP 'grossly negligent' in 2010 U.S. spill, fines could be $18 billion
2014-09-05 03:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A U.S. judge has decided that BP Plc was grossly negligent and reckless in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. BP said it would appeal Thursdays ruling by U.S. District Judge Carl Barbier in New Orleans, Louisiana, who held a trial without a jury last year to determine who was responsible for the April 20, 2010 rig...
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BP found to be grossly negligent in 2010 Gulf of Mexico oil spill
2014-09-05 01:00:00| Offshore Technology
A US federal judge has ruled that BPs willful misconduct and gross negligence led to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
Dominion Resources Black Warrior Trust Grossly Overvalued - 75%...
2014-06-18 15:34:12| Industrial Machines - Topix.net
DOM's own 2014 reserve report suggests a fair value of $2.64; 75% lower than Monday's opening price.
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Models 'grossly underestimate' costs of global warming, Nicholas Stern says
2014-06-16 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Sydney Morning Herald: Nicholas Stern says climate change costs aren't properly captured by models. Existing economic models "grossly underestimate" the costs of global warming, undermining the urgency for deep cuts in greenhouse gas emissions, according to a new paper by leading UK climate change economist Lord Nicholas Stern. The risks are in fact likely to be so large that a globally coordinated carbon price of $US32-$US103 ($34-$110) per tonne of emissions is needed as soon as 2015 to prevent the temperature...
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Human Impact on Amazon Rainforest Grossly Underestimated
2014-05-23 23:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Nature World: Human impact on the Amazon rainforest has been grossly underestimated, according to an international team of researchers. The report detailed in the journal Global Change Biology says that selective logging and surface wildfires can amount to an annual loss of 54 billion tons of carbon from the Brazilian Amazon - that's equivalent to 40 percent of the yearly carbon loss from deforestation. Researchers estimated both above and below-ground carbon loss from selective logging and ground level...
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