BP's Commitment to GoM Reparation Confirmed

Press Release
Monday, April 15, 2013

BP says it is supporting economic and environmental efforts in the Gulf of Mexico and is committing huge funding.

To date, BP has spent over $14 billion in response and clean-up costs and have paid $9.9 billion in claims, advances and settlements to individuals, businesses and governments. The company has also committed to provide up to $1 billion to fund early restoration projects.

In 2011, BP committed $174 million to be distributed to Alabama, Louisiana, Mississippi and Florida over a three-year period to promote tourism, seafood marketing and testing. This is in addition to the $87 million in tourism grants provided to the states by BP in 2010. Understanding the importance of seafood to the Gulf economy and way of life, BP has funded extensive seafood testing and promotion and say they will continue to support the Gulf, its environment, its people and their businesses.

Supporting long-term oil spill research
BP has committed $500 million over 10 years for independent research on the Gulf ecosystem and how to better protect the environment in case of oil spills.

National Fish & Wildlife Foundation projects

In 2010, BP donated $22 million from the net revenue of the sale of oil recovered from the spill to the US National Fish and Wildlife Foundation (NFWF), which used the funds to quickly implement several conservation projects along the Gulf Coast.
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

Environmental

IMO’s MEPC Addresses BWM Convention Issues

IMO’s environmental committee addresses implementation issues as ballast water management treaty nears entry into force Measures to assist in accelerating the

MEPC Approves Draft Polar Code

Draft Polar Code approved by IMO’s Marine Environment Protection Committee A key step on the way to a mandatory Polar Code for ships operating in Arctic and

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

Marine Science

Northrop Grumman Sponsors Maritime RobotX Challenge

Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct.

Open Ship a Success

Amaliekajen was buzzing with life during Culture Night, when the Danish Maritime Authority’s vessel Poul Løwenørn lowered the gangway and invited everyone interested on board.

Hydroid Wins Gold at MassEcon Impact Awards

Hydroid, Inc., a subsidiary of Kongsberg Maritime and a leading manufacturer of autonomous underwater vehicles (AUVs), today announced that it has been named

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1307 sec (8 req/sec)