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BP is expected to spend billions of dollars more on restoration.
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WWF-Canada opposes the approval of Corexit 9500A as an oil spill-treating agent due to high levels of toxicity and its overall ineffectiveness at shielding shorelines, seabirds and marine mammals from oil spill damage.
A chemical dispersant is a kind of "spill-treating agent" (or "STA") that is designed to break up an oil slick and dilute the oil by mixing it into the water. A chemical dispersant isn't truly a clean-up tool -- it doesn't take any spilled oil out of the environment, and by the time a dispersant is applied, it's already too late to save most life forms in the vicinity of the spill.
In the wake of the 2010 BP Horizon spill in the Gulf of Mexico, our government needs to make changes to our outdated liability regime. Currently, the Canadian taxpayer is liable for offshore oil spills in the Arctic. Under current law, an oil company is responsible for damages up to $40 million of absolute liability, regardless of fault or negligence.
Beyond the $40 million, it is either Canadian taxpayers or the company paying, depending on fault. Why are we providing public insurance for oil companies? We do not provide public insurance for homeowners in the case of a fire, or car owners in the case of a motor vehicle accident.
CEOs need to realize that highly desirable employee behaviour can become distorted and even destructive in a company driven by leaders with ulterior motives. Here are seven sure-fire signs that you might be working for a company on the brink of catastrophe.
LONDON - BP chief executive Bob Dudley said in an interview published Sunday that the company is ready for a lengthy court battle over the 2010 oil spill in the Gulf of Mexico.Dudley, who took control...
As Canada's energy regulator readies its final round of talks on offshore oil drilling in the Arctic, two new reports suggest there's a long way to go before needed safeguards are in place to develop...
LONDON - Oil giant BP said Thursday it was investigating a new sheen in the Gulf of Mexico but added there was no immediate indication it was the result of a new oil spill.A catastrophic April 2010 ex...
Offshore oil spills are Black Swan Events -- extremely hard-to-predict events that carry the risk of major impact. How much would it cost to clean up an Arctic offshore oil spill in Canada?