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2012-11-23. Research, Restoration Get Share of Record BP Oil Spill Fine

posted Nov 23, 2012, 10:59 AM by Alan Gould   [ updated Nov 23, 2012, 11:01 AM ]
| from Science, News of the Week. An article relevant to GSS Energy Use chapter 3. Synopsis:  New Orleans, Louisiana. About 2.5 years after the Deepwater Horizon (BP) oil spill in the Gulf of Mexico oil, which flowed unabated for three months in 2010, the largest accidental marine oil spill in the history of the petroleum industry [wikipedia], BP has decided to pay a record $4 billion to settle U.S. criminal charges related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Environmental restoration projects and scientific research will get a major windfall from the settlement.  $2.4 billion will go to a congressionally chartered foundation for ecological restoration projects along the Gulf Coast. Another $350 million will go to the U.S. National Academy of Sciences to establish a 30-year research effort focused on reducing the risk of future spills and improving environmental monitoring. The payments are unlikely to be BP's last; the company still faces other penalties, including up to $25 billion in civil fines for oil pollution…. Source article: http://www.sciencemag.org/content/338/6110/1014.2.full