Disasters

"Oil giant BP PLC will reduce its contribution to U.S. coffers by roughly $10 billion due to a tax credit the company is claiming it incurred from the Gulf of Mexico oil spill."
 

"The oil  slick in the Gulf of Mexico appears to be dissolving far more rapidly than anyone expected, a piece of good news that raises tricky new questions about how fast the government should scale back its response to the Deepwater Horizon disaster."

"A team of federal investigators known as the 'BP squad' is assembling in New Orleans to conduct a wide-ranging criminal probe that will focus on at least three companies and examine whether their cozy relations with federal regulators contributed to the oil disaster in the Gulf of Mexico, according to law enforcement and other sources."

"BP PLC and the other companies involved in the Gulf of Mexico oil spill are faced with fast-multiplying lawsuits that will provoke one of the most drawn-out and costliest legal battles in U.S. history, one that could easily consume the $20 billion set aside by BP to pay for the disaster, according to legal experts and attorneys nationwide."

"BP Plc appointed U.S.-born Robert Dudley as chief executive officer and pledged to accelerate asset sales to as much as $30 billion after the Gulf of Mexico oil spill led to a record loss."
 

"Fish caught in a wide area of the gulf near Florida are safe to eat, said federal officials Thursday as they allowed commercial and recreational fishing boats back into part of the Gulf of Mexico that had been off-limits due to the massive BP oil spill."

"West Coast oyster farmers are fielding calls from farmers on the Gulf of Mexico as the work begins to replace the shellfish breeding beds damaged by the massive oil spill. But while shellfish farmers in the Pacific Northwest are anxious to help, they say they have little to offer."

"BP’s board is expected on Monday to name an American, Robert Dudley, as its chief executive, replacing Tony Hayward, whose repeated stumbles during the company’s three-month oil spill in the Gulf of Mexico alienated federal and state officials as well as residents of the Gulf Coast."

"Ships were getting back in place Sunday at the Gulf of Mexico site of BP's leaky oil well as crews restarted work on plugging the gusher before another big storm stops work again."