Written by Jen Finn
HOW MUCH should BP pay for the carelessness that led to the disastrous Deepwater Horizon oil spill in 2010?
Last week the giant oil company, the federal government and some Gulf Coast states started wrangling over that question. The parties gathered in New Orleans to begin a federal civil trial, the first phase of a process that will determine the size of the Clean Water Act fines the company must pay.
If the court finds that BP was merely negligent, the company could pay as much as $3.5 billion in fines. If the judge finds that BP was grossly negligent, the company could have to pay as much as $17.6 billion.
Whatever the figure, it would be on top of the $20 billion to $30 billion that BP already has distributed or committed to pay. It would also settle only one of many outstanding legal claims against the company. BP is still liable to pay for the environmental injury it caused, according to the results of a process called the Natural Resources Damage Assessment. Gulf states also recently demanded a whopping $34 billion in economic damages. Given all of these, the Economist calculates, BP's total Deepwater Horizon payout could reach an incredible $90 billion.
A bill anywhere near that large is impossible to justify.
Read the full story at the Washington Post>>
The Downeast Salmon Federation has received a major grant from the U.S. Endowment for Forestry and Communities to ensure and improve the water quality of eastern Maine’s most important rivers, according to the Ellsworth American.
Read more... Louisiana crab fishermen and their catch are feeling the pressure of a downturn in the state economy, and a resulting upturn of people entering the fishery. “It’s a crazy business right now,” said Pete Gerica, the New Orleans fisherman who now serves as president or the Louisiana Crab Task Force, a legislatively-created board of industry voices that makes recommendations to state government.
La. crabbers face management changes