GOM Spill: $69M Initial Bill to BP

Friday, June 04, 2010

The Obama Administration sent a preliminary bill for $69.09m to BP and other responsible parties for response and recovery operations relating to the BP/Deepwater Horizon Oil Spill. The Administration will continue to bill BP regularly for all associated costs to ensure the Oil Spill Liability Trust Fund is reimbursed on an ongoing basis.

As a responsible party, BP is financially responsible for all costs associated with the response to the spill, including efforts to stop the leak at its source, reduce the spread of oil, protect the shoreline and mitigate damages, as well as long term recovery efforts to ensure that all individuals and communities impacted by the spill are made whole.

To provide full transparency of the ongoing efforts and to ensure that the American public is not held accountable for the costs of response and recovery activities, the Federal Government will bill BP and the other responsible parties periodically for costs incurred by the Federal On-Scene Coordinator to support Federal, State, and local response efforts. 

The Administration expects prompt payment and will take additional steps as necessary to ensure that BP and other responsible parties, not American taxpayers, pay all of the costs associated with the BP/Deepwater Horizon Oil Spill.

This invoice is based on specific Federal Government expenses that are subject to billing at this time, including expenses associated with the response of over two dozen Federal entities and agencies from three States, in accordance with the Federal On-Scene Coordinator request for assistance process. Federal response activities not subject to billing at this time, including future activities, will be billed to the responsible parties through subsequent invoices. In addition, these bills do not include any other costs for which BP and the other responsible parties are liable to any other party.

The United States Coast Guard is responsible for administering the Oil Spill Liability Trust Fund to ensure that individuals and communities harmed by oil spills are made whole and that the costs of response and cleanup are borne by the responsible parties. 
 

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

News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1077 sec (9 req/sec)