The Effects Of The BP Oil Spill

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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 …show more content…
The Gulf oil spill is notably the worst oil spill in United States history. Within days of the Deepwater Horizon oil rig explosion and sinking in the Gulf of Mexico that killed eleven people, underwater cameras revealed that the BP pipe was leaking oil and gas on the ocean floor about forty-two miles off the coast of Louisiana (The Ocean Portal Team, 2010). The well discharged oil into the Gulf of Mexico for eighty-seven days until the attempt to cement the well shut was successful, but at that point the damage was already done and an estimated 3.19 million barrels of oil was released into the Gulf contaminating the waters and surrounding shorelines (The Ocean Portal Team,

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