Tuesday, May 29, 2012

BP Oil Spill, Two Years Later

"Last November the Coast Guard approved BP’s plan to switch most of its coastline efforts from cleanup to monitoring. The same month BP started drilling its first new postspill well, in 6,000 feet of water at the Kaskida field. In March BP reached a tentative $7.8 billion settlement with roughly 100,000 fishermen, hoteliers and other plaintiffs, avoiding months of courtroom wrangling. That’s on top of $14 billion already spent on cleanup and $8.3 billion on damage payouts. Tourists are again returning to Gulf beaches, as drill bits turn offshore."

The Nation:

More information:
Forbes: BP is Booming

Forbes: 10 Startups Changing the World

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