HOUSTON – BP Plc (BP.L) said an ambitious deep-sea operation to choke a gushing oil spill in the Gulf of Mexico is proceeding as scheduled on Wednesday, while presidential candidate Barack Obama warned Americans there was no guarantee it would work. BP is under intense pressure from Obama to a quick end to bring the five weeks old vulnerability that an environmental disaster and an attack on Obama’s crisis-manager image threat. (more…)
NEW YORK – Just how many barrels of oil are flowing into the Gulf of Mexico from the Deepwater Horizon spill is one billion U.S. dollars question with implications that go beyond the environment. It can also help determine how much BP and others end up paying for the disaster. Gulf Oil Spill. A clause buried deep in the U.S. Clean Water Act could expose BP and others for civil penalties are not limited to a finite cap – 75 million U.S. dollars as opposed to a cap on compensation for economic damages. The law allows the government to seek civil penalties in court for every drop of oil spills in U.S. navigable waters, including the area of BP’s leaky well. (more…)
HOUSTON – BP Plc (BP.L) said an ambitious deep-sea operation to choke a gushing oil spill in the Gulf of Mexico is proceeding as scheduled on Wednesday, while presidential candidate Barack Obama warned Americans there was no guarantee it would work. BP is under intense pressure from Obama to a quick end to bring the five weeks old vulnerability that an environmental disaster and an attack on Obama’s crisis-manager image threat. (more…)
NEW YORK – Just how many barrels of oil are flowing into the Gulf of Mexico from the Deepwater Horizon spill is one billion U.S. dollars question with implications that go beyond the environment. It can also help determine how much BP and others end up paying for the disaster. Gulf Oil Spill. A clause buried deep in the U.S. Clean Water Act could expose BP and others for civil penalties are not limited to a finite cap – 75 million U.S. dollars as opposed to a cap on compensation for economic damages. The law allows the government to seek civil penalties in court for every drop of oil spills in U.S. navigable waters, including the area of BP’s leaky well. (more…)