Posts Tagged ‘oil spill’

Treasury Department sets rules for BP oil spill money

GULF OF MEXICO — The U.S. Treasury has set out 97 pages of rules for investing and allocating money that BP PLC and other defendants will pay in Clean Water Act fines for the Gulf of Mexico oil spill of 2010. The rules released yesterday formally set up a trust fund for money that state […] [...]

BP wants Supreme Court to toss part of oil spill settlement plan

NEW ORLEANS — BP PLC has asked the U.S. Supreme Court to throw out part of its settlement of claims for damage from its enormous oil spill in 2010 — a section saying businesses don’t have to prove that the spill directly harmed them to be eligible for payment, only that they lost money afterward […] [...]

BP ordered to resume oil spill payments as Court reviews settlement

NEW ORLEANS — BP PLC must resume paying claims while it asks the U.S. Supreme Court to review its settlement with businesses over the 2010 Gulf of Mexico oil spill, a federal appeals court panel said yesterday. The 2-1 judgment said the 5th U.S. Circuit Court of Appeals will not put a stop to payments […] [...]

Board sets date for release of part of oil spill report

NEW ORLEANS — A federal agency looking into the 2010 Deepwater Horizon oil rig explosion says it plans to release two volumes of a four-volume report on the disaster on June 5. The Chemical Safety Board said in a news release that the focus of its investigation is to prevent such accidents in the future. […] [...]

Findings of study on health of oil spill cleanup workers to be released

GULF OF MEXICO — When a BP oil well began gushing crude into the Gulf of Mexico four years ago, fisherman George Barisich used his boat to help clean up the millions of gallons of spew that would become the worst offshore spill in U.S. history. Like so many Gulf Coast residents who pitched in […] [...]

State receives first NFWF funding to support coastal planning

MISSISSIPPI GULF COAST — The Mississippi Department of Environmental Quality (MDEQ) has received a $3.6 million grant from the National Fish and Wildlife Foundation. The money will be used by MDEQ to coordinate the views, visions, values and plans of the people of the Gulf Coast as Mississippi puts together an integrated, coastal wide, restoration […] [...]

BP oil spill still being felt as tar balls wash up on islands

GULF OF MEXICO — Mississippi environmental authorities say oil debris found this week on state barrier islands is believed to be from the BP’s disastrous 2010 spill in the Gulf of Mexico, and contractors for the oil giant are involved in the cleanup. Officials believe high winds and seasonal low tides uncovered the material. Mississippi’s […] [...]

Legal-Bay: BP claims settlement headed to Supreme Court

NEW ORLEANS — Legal-Bay LLC, The Lawsuit Settlement Funding Company, believes the British Petroleum Inc. Business Economic Loss (BEL) claims settlement will eventually make its way to the U.S. Supreme Court under a writ of certiorari. Legal-Bay said the issues revolve around constant legal wrangling by B.P. to drastically alter the landmark settlement, by claiming […] [...]

BP appeals judge’s ruling over spill claims

NEW ORLEANS — BP is appealing a judge’s rejection of its argument that claimants who can’t trace their losses directly to the company’s 2010 Gulf oil spill shouldn’t receive payments through a multibillion-dollar settlement with a team of private plaintiffs’ lawyers. BP attorneys filed a notice of appeal yesterday, two days after the ruling by […] [...]

Supreme Court refuses to hear drilling moratorium case

WASHINGTON — The Supreme Court won’t decide if the Obama administration violated a judge’s order that struck down its temporary moratorium on deep water drilling after BP’s 2010 oil spill in the Gulf of Mexico. The high court today refused to hear an appeal from offshore service companies that challenged the moratorium. A federal judge […] [...]

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