Tag Archives: Gulf of Mexico

Oil Spill Costs: Stopping US tax breaks for polluters

BP stands to save $10 billion from their contribution to oil spill costs in the Gulf Of Mexico owing to exploitation of tax breaks in the USA.   Representative Alcee Hastings, (D-FL), introduced a bill that would abolish write-offs oil … Continue reading

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WASHINGTON OIL SPILL: costing $11 billion every 1000 years?

A major spill at the mouth of the Columbia River or in the Strait of Juan de Fuca could cost Washingtonstate 165,000 jobs and $10.8 billion in economic losses, and is more likely to occur as enforcement by the state’s … Continue reading

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BRAZIL oil spill: who will bear the costs of Chevron’s poor engineering decisions?

Engineers are cast as bad guys in the latest costly oil spill to unnerve a major international oil company drilling in deepwater. An estimated 110,000 gallons of oil have been spilt by Chevron exploration on a Transocean rig off Brazil. … Continue reading

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FISHERMEN compensation from oil spills: why do oyster farmers double shrimpers?

Oil spill compensation czar Alan Feinberg is poised to announce more compensation for Gulf of Mexico fishers affected by the oil spill. It is clear that the science of how fish and fishing are affected by oil spills and slicks, … Continue reading

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OIL SPILL INFOGRAPHIC: social analysis of how we all reacted online to Gulf of Mexico oil spill

An infographic from late last year by SocialSphere aggregating information on social network impact of the Gulf of Mexico oil spill. Quote: “This June, while engineers in the Gulf were trying to stop the destructive flow of oil from BP’s … Continue reading

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NEW ZEALAND OIL SPILL: Billion dollar cost

The tanker Rena – and its parent company Costamare – that caused the oil spill off New Zealand is insured for US$1 billion of pollution damage John Key yesterday said the clean-up so far had cost an estimated AU$12.1 million. … Continue reading

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CHINA Oil spill: $3 billion compensation required for Bohai Bay slick

US oil giant ConocoPhillips China (COPC) and state-owned China National Offshore Oil Corp (CNOOC) may face compensation demands for damage caused by oil spills offChina’s northeast coast far higher than the 200,000 yuan (£20,000/ US$31,000) penalty announced last week. Over … Continue reading

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Red Sea oil spill: $500,000 fine for polluter

Egyptian Ministry of Environment has fined the Kuwaiti owners of the vessel Hammurabi $0.5 million for an oil spill at Ain Sokna port. It is unclear how the Ministry determined the size of the fine. However, it has been paid … Continue reading

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Stockton Oil Spill: Railroads not liable for ancient oil spill costs

A $2 million oil spill caused over 40 years ago is not the responsibility ofUS railroad companies, a court has decided. A federal appeals panel has ruled that Stockton’s redevelopment agency cannot force two railroads to pay for the cost … Continue reading

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Yellowstone Oil Spill: Costs in the hundreds of millions of dollars

Exxon-Mobil’s latest oil spill within sniffing distance of USA’s emblematic Yellowstone Park is set to levy further heavy costs to its brand and the oil industry. The costs of cleanup are likely to be high, in the tens of millions. … Continue reading

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