The US Attorney General press release, “Total Value of Settlement Would Top $18.7 Billion, the Largest Settlement with a Single Entity in American History” describes the settlement with BP for the Deepwater Horizon oil spill damages. The web site includes a fact sheet that summarizes the “agreement in principle.”
On Thursday, 2/19, U.S. District Judge Carl Barbier declared that BP should face paying up to $4,300 in fines for each barrel of oil spilled during the Macando well blowout that spilled oil into the Gulf of Mexico for 87 days in 2010. This is the result of an attempt by BP to lower the Read More
In an official ruling on Thursday, January 15, 2015, U.S. District Court Judge Carl Barbier determined 3.19 million barrels of oil were spilled in the Gulf of Mexico from the Macondo well following the Deepwater Horizon rig explosion on April 20, 2010. Under the Clean Water Act, oil spill violators face fines ranging from $1,000 to Read More
Bookmark ELI’s new interactive timeline as great way to track restoration settlements and litigation– http://eli-ocean.org/gulf/timeline/
Judge sets date in January 2015 for final phase (setting penalties) for BP oil spill civil trial– http://www.nola.com/business/index.ssf/2014/04/timeline_released_for_final_pe.html.
NFWF established Gulf Environmental Benefit Fund with funds from BP and Transocean settlement funds– news story at http://www.wboy.com/story/22236848/nfwf-launches-gulf-environmental-benefit-fund-to-restore-gulf-coast-natural-resources; NFWF fund site at http://www.nfwf.org/Pages/gulf/Gulf%20Environmental%20Benefit%20Fund.aspx
National Academy of Sciences received $500M for Gulf restoration from BP and Transocean plea agreements– new web site describes objectives and preliminary plans at http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=02202013b
Environmental Law Institute (www.eli-ocean.org) resources clarify Deepwater Horizon oil spill related legislation (e.g., http://eli-ocean.org/gulf/clean-water-act-restore/), settlements and litigation (e.g., http://eli-ocean.org/gulf/understanding-litigation/).
BP civil trial daily transcripts are at http://www.mdl2179trialdocs.com/. Settlement docs on LA district court web site– http://www.laed.uscourts.gov/OilSpill/OilSpill.htm.
Follow BP civil trial on Twitter at #BPTrial.