Top Ten Costs of the BP Oil Spill that won't be Covered by the $4.5 Billion Fine. BP recently agreed to pay a fine of some $4.5 billion dollars from the US Department of Justice for malfeasance in the 2010 Deepwater Horizon oil spill, the largest fine paid in US history. BP’s total costs for the deadly Deepwater Horizon disaster is approaching $62 billion. The oil giant today said it expects a pre-tax non-operating charge associated with the 2010 Gulf of Mexico oil spill of around $5.2 billion, bringing the total bill for the environmental disaster to $61.6 billion.

20 Apr 2017 Explosion triggered economic, environmental devastation, and a legal On April 20, 2010, the Deepwater Horizon oil rig exploded off the Gulf  17 Jan 2018 The Deepwater Horizon oil spill shook the Gulf Coast of Mexico in 2010, but It's been deemed the worst environmental disaster of our time. 4 Sep 2014 The 2010 oil spill was the worst in US history, and BP has set aside $43bn affected by the spill and to cover environmental clean-up costs. 14 Jun 2017 Details of BP's settlement over the 2010 Deepwater Horizon oil spill penalty— the largest civil penalty in the history of environmental law. 20 Apr 2015 The 2010 explosion at the Deepwater Horizon rig set off an environmental and economic catastrophe. Towns and ecosystems along the Gulf  26 Feb 2020 Deepwater Horizon oil rig, releasing approximately 168 million gallons of oil in the Gulf of Mexico. 3. June 3, 1979 - Ixtoc 1, an exploratory 

BP's Deepwater Horizon costs total $62B. BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion.

Keywords: British Petroleum, Deepwater Horizon oil spill, environmental liability,. environmental The Horizon cost $365 million to build and was designed to. operate in waters Timeline of the BP Deepwater Horizon Oil Spill. A timeline of   PDF | Seven years after the Deepwater Horizon oil spill, this study measures the The disaster resulted in huge environmental and economic damages to the  The government has also asked Barbier to find Anadarko and Transocean liable under the Oil Pollution Act, a separate environmental law, for cleanup costs and  12 Feb 2020 The BP Oil Spill in April 2010 released more than 4.9 million barrels The environmental impact on fish and seabirds was devastating, Those fines, plus payments to settle various civil claims, cost BP more than $40 billion. The BP Oil Spill resulted in the largest environmental damage settlement in U.S. claims for reimbursement of natural resource damage assessment costs and  16 Jan 2018 A controlled burn of spilled oil that was conducted after the The explosion of the Deepwater Horizon oil rig was one of the worst environmental disasters It badly damaged BP's reputation and has cost the company tens of  30 Apr 2018 Removing spilled oil from the environment is a difficult task. Because oil is hydrophobic (doesn't mix with water), it floats to the surface when it 

The government has also asked Barbier to find Anadarko and Transocean liable under the Oil Pollution Act, a separate environmental law, for cleanup costs and 

30 Apr 2018 Removing spilled oil from the environment is a difficult task. Because oil is hydrophobic (doesn't mix with water), it floats to the surface when it  Despite protests from both Congress and a broad coalition of environmental will allow BP to deduct a majority of the costs as an ordinary business expense. U.S. District Judge Carl J. Barbier ruled in favor of BP, citing the Oil Pollution Act  11 Apr 2019 i This includes $14,557 million environmental expenditure costs relating to the Gulf of Mexico oil spill. j Employees are defined as individuals  20 Apr 2017 Explosion triggered economic, environmental devastation, and a legal On April 20, 2010, the Deepwater Horizon oil rig exploded off the Gulf  17 Jan 2018 The Deepwater Horizon oil spill shook the Gulf Coast of Mexico in 2010, but It's been deemed the worst environmental disaster of our time.

3 Jul 2015 "This allows us to manage BP as an oil company," company CEO Bob Dudley BP's total spill-related cost estimate includes roughly $29 billion for response While analysts praised the announcement, some environmental 

BP's Deepwater Horizon costs total $62B. BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion. Nine years ago, BP’s Deepwater Horizon drilling rig exploded off the coast of Louisiana, causing the worst oil spill in US history. The disaster on April 20, 2010 killed 11 workers as the

14 Jun 2017 Details of BP's settlement over the 2010 Deepwater Horizon oil spill penalty— the largest civil penalty in the history of environmental law.

The BP Oil Spill of 2010 was one of the largest in history. Although the lessons of the BP Spill Keywords: Environmental Law, Disaster Law, oil drilling. Resumo removal and cleanup costs, physical damage, and injury. (Sole, 2011, p. 250). The Deepwater Horizon Joint Investigation Team concludes BP, Transocean and the causes of the Deepwater Horizon explosion, loss of life and resulting oil spill, 250.107 – BP failed to protect health, safety, property, and the environment. for BP drilling personnel was delivering a well with costs under the authorized 

26 Feb 2020 Deepwater Horizon oil rig, releasing approximately 168 million gallons of oil in the Gulf of Mexico. 3. June 3, 1979 - Ixtoc 1, an exploratory  14 Jul 2016 BP has said it has drawn a line under the cost of the 2010 Deepwater spilled oil, $20bn for civil penalties and environmental damages in a  6 Oct 2015 Boats battle a fire at the Deepwater Horizon oil rig in April 2010 in the Gulf of Mexico. It is a "fitting response to the worst environmental disaster in American BP has estimated its total cost for the disaster at $54.6 billion,  2 Jul 2015 Thick oil from the BP Deepwater Horizon oil spill floats on the surface of the Wall Street experts said the monetary cost of the disaster for BP would the agreement with the oil giant "the largest environmental settlement in  3 Jul 2015 Oil company BP agreed on 2 July to pay US$18.7 billion to settle civil which calculates the environmental costs of oil spills] is wont to do. 20 Apr 2016 Today marks six years since the BP Deepwater Horizon offshore oil rig As bad as the Macondo oil spill was in its direct impacts on the environment, the disappointing results of Shell's first well and the collapse in oil prices,  14 Sep 2010 $2.5 billion Initial estimated cost of the oil spill to the US fishing industry. $1 billion The value of the seafood harvested in the Gulf in 2008. $23