Showing posts with label Exxon Valdez. Show all posts
Showing posts with label Exxon Valdez. Show all posts

Sunday, 18 July 2010

BP - Of spills and compensation

Before BP, America’s worst offshore oil accident was the 1989 Exxon Valdez spill in Alaska. That was much smaller than BP (11 million gallons against 184 million so far). However, many experts believe the BP spill is likely to cause less damage because the warm waters of the Gulf of Mexico will break up the oil much quicker.

The Exxon Valdez spill is reckoned to have killed more than 20 whales and a quarter of a million sea birds. Fishermen in the affected area say that herring were wiped out permanently, destroying their livelihood. So far the BP spill is known to have killed just less than 1,400 birds. But while BP is having to pay $20 billion in compensation, Exxon had to shell out just half a billion.

Here’s another interesting fact. President Obama has appointed Kenneth Feinberg to administer BP's $20 billion BP fund. Mr Feinberg also administered the compensation fund for 9/11, when nearly 3,000 people were killed. That paid out just $7 billion.

America’s, and the world’s, worst oil spill, incidentally, was probably the Lakeview Gusher in California, which released more than 370 million barrels over 18 months in 1910-11, flooding an entire valley.

Saturday, 1 May 2010

Oil spills

A week ago (April 24), I blogged on the 11 people who lost their lives when BP’s Deepwater Horizon rig exploded and sank off Louisiana. Now this is also turning into an environmental disaster, with up to 5,000 barrels of oil a day gushing into the sea.

The slick is 130 miles long, and efforts to contain it are being hampered by choppy seas. Alabama, Mississippi, Louisiana and Florida have all declared states of emergency, and the US government has launched a fierce attack on the British oil company. It is only a month since President Obama eased restrictions on offshore drilling.

The worst oil spill in history came in 1991 when the Iraqis opened valves at the Sea Island terminal and dumped oil from several tankers into the Persian Gulf to try to foil any landing by US marines during the first Gulf War.

Estimates of the volume spilled range as high as 1.5 million tons (that compares with about 35,000 from the Exxon Valdez in 1989 – up to now America’s worst oil spill). Though wildlife was harmed in the Gulf, a study sponsored by UNESCO, the USA and countries in the region suggested that it did little long-term damage.