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[342] [343] The DOJ also said Transocean, the owner and operator of the Deepwater Horizon rig, was guilty of gross negligence as well. [342] [344] On 14 November 2012, BP and the US Department of Justice reached a settlement. BP will pay $4.5 billion in fines and other payments, the largest of its kind in US history.
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. Litigation commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for financial ...
The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. [1] It was established as Gulf Coast Claims Facility (GCCF), announced ...
The Health consequences of the Deepwater Horizon oil spill are health effects related to the explosion of the Deepwater Horizon offshore drilling rig in the Gulf of Mexico on April 20, 2010. An oil discharge continued for 84 days, resulting in the largest oil spill in the history of the petroleum industry, estimated at approximately 206 million ...
Impact on Local Community and Business: The Deepwater Horizon Oil Spill, otherwise known as the British Petroleum (BP) oil spill had several immediate and lasting effects on the local community, environment, and economy in New Orleans. The deterioration of healthy water, animals and marsh land from the oil spill have largely affected the ...
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President Obama speaking in the Oval Office about the spill. On 30 April 2010, President Barack Obama ordered the federal government to delay issuing new offshore drilling leases until a thorough review determined whether more safety systems were needed [1] and authorized teams to investigate 29 oil rigs in the Gulf in an effort to determine the cause of the disaster. [2]
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