Stories tagged with Gulf of Mexico oil spill

Oil

BP’s still making bank

Looks like the past year hasn’t been so bad after all for BP, which today reported a 16 percent increase in profits over the first quarter of 2010. The company reported $7.2 billion in net earnings — compared to $6.2 billion for the first three months of last year. The company sold off a bunch of assets in order to pay for the Gulf oil disaster, which is how they managed to keep the profits up. BP also hasn’t been drilling in the deepwater since that whole giant oil catastrophe it unleashed last year. But to still report an increase …

BP spends restitution money on lawsuits and lobbying

By now, we all know BP has been painfully tightfisted about helping to rebuild the lives and livelihoods ruined in last year's oil spill. They agreed to pay $20 billion in damages but have only squeezed out $6 billion so far. But what do you expect them to do? They need that money to spend on lobbying and litigation! The anniversary of the spill brought two fun announcements from the company about their priorities. First, they've already spent $2 billion this year lobbying the government — including nagging them to end the offshore drilling moratorium, speed up the permitting process, …

Oil

One year after the BP oil spill, dangers remain

A year ago, the American public, government regulators, and Gulf of Mexico families had been lulled into a false sense of security over the safety of offshore drilling and the ability of the oil industry to respond in the event of a severe spill. After years of systemic complacency and mismanagement by the U.S. government and the oil companies, weeks of poor decision-making on the part of BP and its partners in the ill-fated Macondo oil well, and a few moments of deadly horror one year ago on the Deepwater Horizon, everything known about deepwater drilling changed utterly. On the …

Oil

Faces from the Gulf Coast, one year after the BP disaster

It’s now been a year since the BP gusher started gushing. The leak was plugged up, but the mess isn’t gone. Meet some of the people whose lives have been turned upside-down by the BP disaster. Photos and audio came out of a collaboration between the Natural Resources Defense Council, StoryCorps, and Bridge the Gulf. Hollie and Chad LeJeune Photo: Cary Conover “It was like grieving for a death. You guys had worked so hard and had built this wonderful business, and then in six weeks time — it was gone.” Watch an audio slideshow of Chad LeJeune talking with …

Oil

10 reasons to still be pissed off about the BP disaster

BP is gunning to get back to drilling in the Gulf of Mexico. When the Department of Interior issued its first deepwater permit since the Deepwater Horizon disaster, it was for a well that BP owns half of. Earlier this month, company officials also announced that they are seeking an agreement with the U.S. government to resume drilling at their 10 deepwater wells in the Gulf this July, arguing that they will follow tougher safety rules, The New York Times reported earlier this month. This comes even as the government is said to be considering manslaughter charges against the oil giant for the deaths of 11 workers …

Rachel Maddow helps us all feel more informed, terrified about deepwater drilling

Visit msnbc.com for breaking news, world news, and news about the economy Here's Rachel Maddow last week, having a conversation with an anthropomorphic personification of human malevolence known as Bureau of Ocean and Energy Management, Regulation and Enforcement director Michael Bromwich. (Seriously, the dude is grim. Does the Bureau not have a magical nonthreatening pansexual spokesthing they can send out to talk to the media?) Bromwich had some scary things to say about the recently-rekindled deepwater permitting process. Among other things, he doesn't know nor apparently particularly care why drilling in U.S. waters has such a relatively high fatality rate. …

Oil

Power Shift 2011: Rebuilding the Gulf from the BP oilpocalypse

BP got a big tax refund for cleaning up its own mess.Cross-posted from the Wonk Room. More than 100 youth and community members from the Gulf Coast are travelling to Washington D.C. on Friday for Power Shift 2011 to deliver a unified message: The BP oil disaster is not over. One year after the Deepwater Horizon drilling rig exploded, sending 11 men to a fiery grave, BP’s crude and dispersants are still impacting the Gulf and its communities. Entire cultures and livelihoods are in peril, there is a growing health crisis, and BP’s oil disaster is accelerating damage to the fragile coastal …

Deepwater Horizon firm gives execs safety bonuses, with no apparent sense of irony

Transocean, the offshore drilling firm that ran the Deepwater Horizon rig, has given its top execs massive bonuses for having “the best year in safety performance in our company's history.” Seriously. Here’s what the annual report says: “Yeah, some people died and some animals died and some livelihoods were ruined, but that was only April through July. On average we did pretty good. Here is a suit made of money and a hat made of money.” Okay, they put it a little nicer: Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety …

BP execs may face manslaughter charges

Here’s a novel concept: Cause people to die, get charged with manslaughter. It doesn’t usually work that way with corporations, which apparently get all the benefits of being legally considered “people” with none of the consequences. But federal officials are looking into manslaughter charges for BP managers who presided over the Deepwater Horizon disaster. The explosion killed 11 workers — not to mention causing a record-setting oil spill that ruined countless livelihoods. And according to anonymous sources, top executives may be held responsible, charged with either involuntary manslaughter or “seaman’s manslaughter” (which carries a steeper penalty). The case would depend …