3 posts tagged with bp by saulgoodman.
Displaying 1 through 3 of 3.
Gulf Coast Dolphin Death Toll Rising. Scientists clamor to figure out why 12 times the normal rate of dolphin deaths are being observed along the Gulf States. Results from an examination of 89 dead dolphins that washed up immediately after the Gulf oil spill have not been publicly released, but scientists concluded those dolphins "died from something environmental during the last year." Despite a steady drumbeat of stories in the media claiming that the Gulf has already been mostly cleaned up thanks to "teeny little janitors," getting far less media and public traction are more recent reports finding that the Gulf's sea floor is in fact still very much oily and dead. [more inside]
BP admits lobbying to get convicted Lockerbie bomber Abdel Basset al-Megrahi released in order to protect a $900,000,000 deal to drill off the coast of Libya. In the future, we'll probably be hearing a lot more about the controversy over BP's admitted role (acknowledged long ago by officials in the UK) in negotiating for al-Megrahi's release on compassionate grounds that have since been called into question (as previously discussed here). At the time of al-Megrahi's release by a Scottish Judge, US officials were sharply critical of the decision to release al-Megrahi. Investigations into the arrangement are currently underway in the US congress.
BP agrees to set aside $20 billion for spill claims. In a much anticipated deal brokered with the heads of the disgraced oil industry giant following on the heels of last night's speech from the Oval Office, President Obama has received a commitment from BP to establish a $20 billion dollar escrow account to pay for economic damages related to the Deepwater Horizon's now estimated 35,000 to 60,000 barrel a day oil gusher in the Gulf of Mexico (also previously here, here, and here on the blue). Does this development render moot the politically perilous issue of retroactively lifting the $75 million dollar cap on oil company liabilities, which the DOJ recently declared legal? Some are asking for more details. NY Times asks: How much will BP really pay? Darling of the far-right fringe Michelle Balkin cautions BP: "Don't be chumps! This is redistribution of wealth." And fellow right-of-centrist Sarah Palin wants to call in the Dutch.