BATTLE CREEK, Mich. (AP) — The Canadian company responsible for a 2010 oil spill in southwestern Michigan has agreed to pay about $6.8 million to settle a class-action lawsuit.
A federal judge must still approve the settlement reached last week by Enbridge Inc., based in Calgary, Alberta. The company has agreed to pay about $2.2 million to residents and land owners of properties within 1,000 feet of the Kalamazoo River. Those who lived within 200 feet of the river will split a total payment of $250,000 and those who lived further away from the river, will each receive several hundred dollars, depending on the proximity.
The latest legal arguments between lawyers for BP and U.S. attorneys center on whether the Environmental Protection Agency and the Coast Guard are within their rights to adjust per barrel pollution fines upward for inflation, with a total of some $11 billion at stake, FuelFix reports.
NEW ORLEANS (AP) — The Supreme Court is leaving in place BP's multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico.
The justices did not comment Monday in rejecting the London-based oil giant's arguments that lower courts misinterpreted settlement terms and put BP on the hook to pay inflated and bogus claims by businesses.
WASHINGTON (AP) — The U.S. Coast Guard is proposing an 8-mile wide shipping route through the Bering Strait region to try to protect Arctic waters, as global warming has increased traffic in the vulnerable area.
Retired Coast Guard Vice Admiral Roger Rufe, former operations chief for the Department of Homeland Security, said the two-way voluntary route is the shipping version of a highway. He said it is an indication that climate change has made the region more passable for ships, ramping up traffic in rough waters. Melting ice is opening up shorter routes from Europe to Asia through the Arctic.
Charlie English, who worked as a claims adjuster following BP’s 2010 Gulf oil spill, has pleaded guilty to wire fraud charges, admitting he filed $257,400 worth of false claims and kept $30,000 of the money, The Times-Picayune reports.
NEW ORLEANS (AP) — A former BP executive accused of obstructing a congressional investigation into the 2010 Gulf oil spill remains on track for a trial next year, despite defense efforts to have the charges dismissed.
U.S. District Judge Kurt Engelhardt on Wednesday declined to throw out one count against David Rainey and took under advisement defense motions to throw out another, a Justice Department spokesman said after the morning hearing.
NEW ORLEANS (AP) — Attorneys for a former BP executive facing an obstruction charge in the 2010 Gulf oil spill asked a federal judge Wednesday to dismiss the two criminal counts as his trial approaches in March.
The defendant is David Rainey, who has pleaded not guilty to allegations that he hampered a congressional investigation into the spill.
Four years after the massive BP oil spill in the Gulf, oil remains trapped on Alabama beaches, mostly in the form of tar balls, according to Auburn University researchers, The Associated Press reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
Oil prices surged 8.3 percent in Friday trading as rig data suggested a slowdown in shale oil development, with Brent crude rising $3.86 to $52.99 a barrel and U.S. crude climbing $3.71 to settle at $48.24 a barrel, Reuters reports.
A survey conducted by Reuters reports that OPEC output rose by 130,000 barrels per day in January as Angola boosted exports and Persian Gulf producers kept steady or increased output, a signal that some members plan to stay the course on maintaining output despite low oil prices.
Despite the collapse of crude oil prices last year, the latest Commerce Department report of gross domestic output showed outlays for new oil rigs and wells rose 8.9 percent in the fourth quarter of 2014, even as equipment spending across all U.S. businesses fell, Bloomberg reports.
Chevron CEO John Watson, after his company reported lower profits and announced budget cuts, voiced optimism for long-term industry prospects, saying the price of oil will have to rise above $50 per barrel to support new exploration to meet energy needs, FuelFix reports.
A new poll conducted by The New York Times, Stanford University and Resources for the Future suggests that more than two-thirds of Americans, including 48 percent of Republicans, say they consider themselves more likely to support a candidate who supports action to combat climate change.
The National Biodiesel Board in a letter to the Environmental Protection Agency voiced frustration with the agency's delayed implementation of biodiesel mandates, saying the slow movement has caused some producers to reduce staff and forced others into bankruptcy, The Hill reports.
A survey of economists by Bloomberg projects that many of the world's largest crude oil exporters like Saudi Arabia, Kuwait and Qatar could see budget surpluses take hits and slip into deficits as global oil prices remain low.
Chevron, after posting a 30 percent decrease in earnings from the previous year in the fourth quarter 2014, abandoned plans to explore for shale gas in Poland, dealing a blow to efforts to develop hydraulic fracturing and shale drilling industries in Europe, The New York Times reports.
In an interview with E&E, Rep. Cynthia Lummis, R-Wyo., vice chairwoman of the Natural Resources Committee and leader of a new Interior and EPA oversight panel, discusses her familiarity with development and ranching issues in western states and her plans to limit Obama administration regulations on public land use.