- IRELAND oil spill costs £0.5 million: Limerick County Council search for liability
- NORTH SEA gas leak: Total wipeout as cost estimate tops £12 billion
- Oil Spill Costs: Stopping US tax breaks for polluters
- NIGERIA oil spill: Bonga to cost billions
- WASHINGTON OIL SPILL: costing $11 billion every 1000 years?
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Tag Archives: tax breaks
BP is trying to reduce its tax bill in the United States by $12 billion owing to expenses incurred during theGulf of Mexico oil spill. This debate will once more pit BP and the USofficialdom and public against one another. … Continue reading
Experts for once agree. Three independent estimates converge for the total cost exposure of BP to the Gulf of Mexico oil spill around $32 billion: BP announced their liability exposure to the market at $32.2 billion Bloomberg asked 11 experts … Continue reading
The Slick Economist is getting nauseous at the continued exposure in the media of BP’s investment in the clean-up operation in the Gulf and beyond. It is almost the only monetary figure we hear. What about the total economic value? … Continue reading
“There’s not enough money in the world to pay every single small business that claims injury no matter where or when,” Kenneth Feinberg told the House of Representatives Committee on Small Business. Feinberg is head of the Gulf Spill Independent … Continue reading
Two previous posts by the Slick Economist show that BP’s creation of a $20 billion fund, hides the fact that BP’s actual exposure is up to 42% less. This third investigation, adds a final screen to the profile of the … Continue reading
In a previous post, the Slick Economist showed the current value to BP of the $20 billion escrow fund to pay for spill clean-up and remediation is 11.35% lower in current value owing to the scheduling of payments and typical … Continue reading
The likely bill comes in three parts (The Economist). Direct costs of plugging the well and cleaning up the pollution under the Oil Pollution Act (OPA) 1990 must be borne by BP (two-thirds) and partners (Andarko 25%, Transocean 10%) and … Continue reading