Disasters

Criminal Probe of Spill To Focus on 3 Firms and Ties To Regulators

"A team of federal investigators known as the 'BP squad' is assembling in New Orleans to conduct a wide-ranging criminal probe that will focus on at least three companies and examine whether their cozy relations with federal regulators contributed to the oil disaster in the Gulf of Mexico, according to law enforcement and other sources."

Source: Wash Post, 07/28/2010
August 19, 2010

The Impact of the Oil Spill on the Future of Deep Sea Oil and Gulf Coast Economy, John Hofmeister

The Indus Entrepreneurs (TiE) Houston presents a talk by John Hofmeister, who retired in 2008 as President of Shell US, the US arm of the oil giant Dutch Shell. Since his retirement, John has founded and is CEO of Citizens for Affordable Energy.

"Oil Spill Legal Mess Likely One of Costliest Ever"

"BP PLC and the other companies involved in the Gulf of Mexico oil spill are faced with fast-multiplying lawsuits that will provoke one of the most drawn-out and costliest legal battles in U.S. history, one that could easily consume the $20 billion set aside by BP to pay for the disaster, according to legal experts and attorneys nationwide."

Source: AP, 07/27/2010

"B.C.'s Shellfish Industry Can't Aid Oil Spill Recovery"

"West Coast oyster farmers are fielding calls from farmers on the Gulf of Mexico as the work begins to replace the shellfish breeding beds damaged by the massive oil spill. But while shellfish farmers in the Pacific Northwest are anxious to help, they say they have little to offer."

Source: Vancouver Province, 07/26/2010

Ships Leaving Spill Site as Storm Bonnie Looms

"With Tropical Storm Bonnie heading into the Gulf of Mexico and expected to kick up high waves and winds near the Deepwater Horizon oil spill  site this weekend, crews on Thursday began disconnecting the rigs drilling two relief wells in the Gulf, effectively delaying the effort to permanently plug the blown-out Macondo well by nearly two weeks. Late Thursday, the federal government ordered dozens of ships to evacuate the spill site."

Source: New Orleans Times-Picayune, 07/23/2010

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