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BP Has Plenty of Money to Pay Spill Damages

June 15, 2010, 12:16 pm

NBC New York

Even if the cost of the nation's worst oil spill rises to $70 billion, the high end of current estimates, BP's pockets probably are deep enough to withstand it. But much depends on what costs are included in the final tally, and who else might end up sharing the liability.

Drill rig crew pressed to work faster, survivor says

June 11, 2010, 9:50 pm


Stephen and Sara Stone say they never thought their six-month marriage would be tested so soon.

But on April 20, a day before her husband was scheduled to come home from a three-week stint on the offshore drilling rig Deepwater Horizon, Sara Stone found herself waiting to hear whether he was dead or alive.

First the Spill, Then the Lawsuits

June 11, 2010, 9:05 am

NY Times

Lawyers across the nation have filed nearly 200 lawsuits so far related to the April 20 oil disaster, including death and injury claims for those aboard the rig, claims of damage and economic loss for people whose livelihoods are threatened by the slick, and shareholder suits over BP’s plunging stock.

BP's Wretched Safety Record: What Will It Take to Change?

June 8, 2010, 9:03 am

BNET Insight

The Deepwater Horizon catastrophe has all the hallmarks of Texas City Part II. For years, BP had had warnings that its Texas City refinery was dangerous. Reports from consultants cited employees who complained that repairs weren’t made, that process safety wasn’t appreciated or taken seriously.

'Smell of Death': BP's Oil Spill Costs Climb Into the Billions (and Billions)

June 7, 2010, 4:25 pm


BP told its investors Monday that it has spent over $1.25 billion in costs since April 20 for the Deepwater Horizon oil spill disaster, and that rate of spending "is expected to continue for some time."

Likely litigants look to Exxon Valdez precedent

June 7, 2010, 2:59 pm

Financial Times

It took two decades and more than $1bn (€836m, £690m) in damages for ExxonMobil to resolve the last of the lawsuits from the 1989 Exxon Valdez oil spill in Alaska.

BP’s ongoing spill in the Gulf of Mexico is already bigger, and not only Louisiana’s fragile marshlands but also the tourist-filled beaches stretching to Florida are under threat from an estimated 12,000-19,000 barrels of oil per day gushing into the sea.

The world holds its breath to see if BP's cap stems oil spill

June 4, 2010, 1:58 pm

London Evening Standard

Today may provide the first bit of good news that Tony Hayward the boss of BP has received in what feels like a very long time. He's waiting to see if, finally, oil has stopped gushing out of a fractured pipe into the Gulf of Mexico.

Attorney Calls to Reopen Criminal Probe of BP

June 2, 2010, 10:39 pm

My Fox Houston


TEXAS CITY, Texas - Business is good at Boyd’s One Stop in Texas City, but for the bulk of customers, what's happening in the Gulf isn't just threatening their hobby - there's a fear it will soon threaten their jobs.

"We have a lot of BP employees that come through here to fish a whole lot," said Jason Cogburn, of Boyd's. "They're probably going fishing to get away."

Deepwater: An Unnatural Disaster on a Massive Scale

June 2, 2010, 7:55 am

Community Alliance for Global Justice

Throughout the unfolding disaster, the responsible corporations acted swiftly and decisively…to limit their liability, protect profits and pass the buck. Interestingly, most of the “solutions” to the spill attempted by BP, including the failed “top hat” containment strategy on May 8 and the “syphon tubes” installed on May 16, allowed BP to keep collecting oil and did nothing to actually stop the spill

BP Facing Familiar Nemesis: PI Lawyer Brent Coon

May 28, 2010, 3:21 pm

ABA Journal

When BP's Texas City, Texas, oil refinery exploded in 2005, killing 15 workers and injuring hundreds, company officials came to know Brent Coon very well.

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Watch Gulf Coast Disaster Videos

Brent Coon Television Appearances

Brent Coon appears on the Business News Network to discuss the one year anniversary of the BP Oil Spill and his 5,000 clients in the GCCF claims process.

April 20, 2011

BP "Whitewashed" Report, with Brent Coon on CNN

Sept 8, 2010

Brent Coon joins Fox News Bulls and Bears to talk about the Oil Spill Claims Fund

August 25, 2010

BP to pay $50 million in Texas City case

August 12th, 2010

View all Brent Coon Television Appearances

General Information Gulf Coast Disaster Videos

Anderson Cooper 360
Fmr. Exxon worker blames cough on cleanup

Rachel Maddow
That Was Then, This is Then

60 Minutes
Deepwater Horizon's Blowout

Who is responsible for this spill and grossly underestimated the damage possible.

View all General Information Gulf Coast Disaster Videos

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