Opponents of ending tax breaks for big oil companies argue that closing tax loopholes will result in higher prices at the pump, but a report from the non-partisan Congressional Research Service finds that ending the tax breaks is unlikely to cause a rise in prices.
The Deepwater Horizon Joint Investigation Team (JIT), comprised of representatives from the Coast Guard and the Bureau of Ocean Energy Management, Regulation and Enforcement, today released Volume I (PDF) of its exhaustively titled “Report of Investigation into the Circumstances Surrounding the Explosion, Fire, Sinking and Loss of Eleven Crew More…
Wednesday marks one year since the initial explosion on BP’s Deepwater Horizon oil rig sent around 200 million gallons of crude oil gushing into the waters of the Gulf of Mexico. A year on, controversies continue to surface over BP’s handling of the spill. On Friday, Greenpeace released a More…
The U.S. Department of the Interior has responded to reports from over the weekend that BP is set to resume drilling in the Gulf of Mexico and that Transocean, the contractor responsible for BP’s Deepwater Horizon oil rig, awarded bonuses to its top executives, in part as a reward More…
Just weeks ago, sightings of oily sediment washing up on Gulf Coast shores served as a pointed reminder of the continued devastation of last year’s Deepwater Horizon oil spill — a mystery that was never solved, despite conflicting reports attempting to find an explanation. Now, Transocean, the More…
Updated at 12:45 p.m. EST to add comments from the Louisiana Democratic Party
The Times-Picayune has obtained an invitation for a $1,000-a-plate fundraiser to benefit Louisiana Republican Gov. Bobby Jindal’s reelection campaign. The event’s host is Mike Worley, CEO of Worley Catastrophe Response, which has handled oil spill More…
The Obama administration has approved the first Gulf of Mexico deepwater drilling plan since BP’s Deepwater Horizon spill, Reuters reports. Shell Offshore intends to drill for oil and natural gas at a site 130 miles from the Louisiana coast.
In a joint statement with Michael Bromwich, director of the More…
The former chief of the U.S. Department of Justice’s environmental crimes section said Friday that the oil and gas company Enbridge will likely face criminal charges over its 2010 Michigan pipeline rupture.
On July 26, an Enbridge oil pipeline that runs
In a letter to oil spill claims administrator Kenneth Feinberg, the U.S. Department of Justice called on the Gulf Coast Claims Facility to release more cash to oil spill victims. #
The letter stresses the urgency of making payments quickly. Last summer More…
An interim report released today by the National Academy of Engineering lays out a series of failures that led to the Deepwater Horizon explosion and resulting oil spill.
The report isn’t pretty. It points to “failures and missed indications of hazard,” “insufficient checks and balances” on safety and a More…
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