The Effects Of Oil Spill On The Gulf Of Mexico Released 3.19 Million Barrels

718 Words Apr 14th, 2015 3 Pages
The BP oil spill that occurred in the Gulf of Mexico released 3.19 million barrels of oil creating both environmental and economic damage to surrounding areas. The effects of the oil spill mainly impacted Louisiana, Mississippi, Alabama, Texas, and Florida. The stakeholders affected by the oil spill were the environment, wildlife, fisherman, the oil industry and tourist-driven businesses and communities. Directly following the spill, BP set up The Gulf Coast Claims Facility (GCCF) which was later deemed non-independent. The GCCF was later replaced by a court supervised settlement program, which ultimately took the subjectivity of the eligibility out of the equation. Three years after the oil spill, BP announced that the compensation fund was running low; however, they would continue to pay the settlements from current and future profits. In January 2013, BP entered a guilty plea to eleven counts of felony manslaughter, one count of felony obstruction of Congress, along with violations of the Clear Water and Migratory Bird Treaty Acts. As a result, BP was sentenced to pay $4 billion in fines and penalties. The Deepwater Horizon Oil Spill has shown that the regulation for spill prevention and response are not sufficient. Oil companies act in the best interest of themselves; it is the duty of the government to put forth regulations that are centered around the health and safety of citizens. Creating tighter controls on oil companies will likely decrease the chances of…

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