Latest news about ethical consumerism


 

BP agree to pay $18.7bn fine

Jul 3

Written by:
03/07/2015 10:24  RssIcon

Record environmental fine for fatal 2010 Gulf of Mexico oil spill

BP has agreed to pay a record environmental fine of $18.7bn to settle legal actions brought by the US and several states over the fatal 2010 Gulf of Mexico oil spill.

The US justice department, along with the states of Louisiana, Mississippi, Alabama, Texas and Florida, all sued BP for damages not covered by the company’s earlier settlements with businesses and individuals harmed by the worst offshore spill in US history.

 

Gross negligence

In September 2014, Judge Carl Barbier, who had overseen the tortuous legal case resulting from the disaster, ruled BP had been “grossly negligent” in its handling of the well. The decision opened up BP to the highest possible fines.

The company will pay $7.1bn in “natural resource damage assessment”, and the money will be divided among the states and earmarked for environmental clean up projects related to the spill. BP was fined $5.5bn under the Clean Water Act.

Some environmentalists were disappointed with the fine, which has yet to receive court approval. Jacqueline Savitz, vice-president for Oceana in the US, said: “If the court approves this proposal, BP will be getting off easy and ‘we the people’ will not be fully compensated for the natural resource damages that we suffered.”

 

The spill

The 2010 explosion at the Deepwater Horizon oil rig cost 11 lives and resulted in 4.2m barrels of oil spewing into the Gulf over 87 days, according to the US government.

BP argued the volume of the spill was far lower.  The spill affected the shore of the Gulf coast from Louisiana to Florida. 

More than five years after the disaster, environmentalists and Gulf residents are still counting the cost. Fatalities among dolphins and other marine life have surged in the spill’s aftermath. 

 

 

 

This story has been added to our corporate database. The database powers all our live product guides, giving the score for each company on our rankings tables. Find out more about how we rate companies.

 

 

 

 

 

 


 

Tags:
Categories:

 

Full News Archive

 

Ethical news archive going back to July 2009.

Read More

Ethical Consumer Blog

Grouse Shooting Campaign

  • 16/08/2017 14:20

The strange case of the disappearing logos

Ethical Consumer Blog

The Big Four Accountancy Firms

  • 15/08/2017 15:06

In this extract from their latest study, Richard Murphy and Saila Naomi Stausholm, explain what’s wrong with the current system and how it needs to...

Ethical Consumer Blog

Corporate Days Shooting Campaign

  • 10/08/2017 15:26

The response to our campaign calling on UK businesses to publicly distance themselves from corporate grouse shooting days

Ethical Consumer Blog

A People’s Food Policy is launched

  • 09/08/2017 09:23

A progressive vision of food and farming for England post Brexit

Ethical Consumer Blog

The Fairtrade Tea Fiasco

  • 07/08/2017 12:03

Sainsbury’s move to drop Fairtrade provoked a massive reaction,but what does it mean for the future of Fairtrade, asks Simon Birch?