• April 4, 2016

    Statement on Entry of the Consent Decree

    We are pleased that the Court has entered the Consent Decree, finalizing the historic settlement announced last July.

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  • October 5, 2015

    Statement on Filing of Consent Decree and Settlement Agreement

    Today we are another step closer to finalizing the settlement we announced on July 2, fulfilling our commitment to help restore the Gulf economy and environment.

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  • July 2, 2015

    BP To Settle Federal, State And Local Deepwater Horizon Claims For Up To $18.7 Billion With Payments To Be Spread Over 18 Years

    Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event.

    BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf Coast states.

    The agreement with the states of Alabama, Florida, Louisiana, Mississippi and Texas also includes settlement of claims made by more than 400 local government entities.

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  • May 20, 2015

    BP Responds to Latest Study on Gulf Dolphin UME

    The data we have seen thus far, including the new study from NOAA, do not show that oil from the Deepwater Horizon accident caused an increase in dolphin mortality. This new paper fails to show that the illnesses observed in some dolphins were caused by exposure to Macondo oil.

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  • May 20, 2015

    BP’s Statement on Settlements with Transocean and Halliburton

    We are pleased to have resolved with Halliburton and Transocean the final remaining disputes stemming from the Deepwater Horizon accident.  We have now settled all matters relating to the accident with both our partners in the well and our contractors.  

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  • March 31, 2015

    Statement By BP In Response to 2015 National Wildlife Federation Report

    The National Wildlife Federation report is a work of political advocacy by an organization that has referred to the Deepwater Horizon accident as “an historic opportunity” to finance its policy agenda.  NWF is not a Natural Resource Damage Assessment (NRDA) trustee and not party to the NRDA studies undertaken to determine potential injury to natural resources that resulted from the accident.  The NWF report conveniently overlooks five years’ worth of government data and information from third-party scientific papers that show that damages were limited and the Gulf is undergoing a strong recovery.  The dire predictions made in 2010 have fortunately not come to pass – in large part because of the Gulf’s resilience, natural processes and the effectiveness of response and clean-up efforts mounted by BP under the direction of the federal government.

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  • March 27, 2015

    BPXP's Statement on Penalty Phase Post-Trial Brief

    A fundamental objective of the Clean Water Act is to incentivize the most effective response possible should environmental harm occur.  Evidence presented during the Penalty Phase trial shows that BP Exploration & Production Inc. (BPXP), working with others in the Unified Command, immediately mounted an unprecedented response that the government has recognized limited the spill’s impacts.  BPXP also presented evidence showing that these impacts were less than initially feared and that the Gulf’s environment and economy have largely recovered.  Moreover, the enormous spill-related liabilities BPXP has incurred – $35.7 billion as a result of the incident, including $27.5 billion paid to date – represent an overwhelming deterrent to BPXP and others.  Imposing a penalty on BPXP anywhere near the amount suggested by the United States would disincentivize future operators from engaging in a robust and sustained response like that mounted by BPXP.  Furthermore, a CWA penalty above the low end of the statutory range would threaten BPXP’s solvency and have a significant negative impact on BPXP’s expenditures in the Gulf region.  For all these reasons, BPXP believes a civil penalty at the low end of the statutory range is warranted.

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  • March 16, 2015

    BP Statement on Report on Gulf of Mexico

    HOUSTON – In the five years since the Deepwater Horizon oil spill, scientific data and studies are showing that the Gulf environment is returning to its baseline condition, according to a new report BP released today. The Gulf of Mexico Environmental Recovery and Restoration report also indicates that impacts from the spill largely occurred in the spring and summer of 2010.

    The report is based on scientific studies that government agencies, academic institutions, BP and others conducted as part of the spill response, the ongoing Natural Resource Damage Assessment (NRDA) process or through independent research. While individual studies are helpful, they tell only part of the story. This report, a wide-ranging compilation of reputable studies by respected researchers, provides a broader overview of the state of the Gulf environment.

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  • March 16, 2015

    Rolling Stone Takes Another Spin at Drive-By Journalism

    When it comes to choosing writers, one would think Rolling Stone magazine would have learned by now to avoid picking people who appear to have agendas.   But apparently, bad habits die hard.  The magazine’s latest blunder?  Choosing a virulently outspoken opponent of offshore drilling to write a piece about the Deepwater Horizon accident.  And not just any virulently outspoken opponent of offshore drilling.   According to news reports, this one has a history of showing up at corporate shareholder meetings, getting arrested, and issuing press releases complaining that her rights have been violated. And blaming the Iraq war on “Big Oil.” And campaigning for the filing of criminal charges against those she writes about. Despite being warned about the writer’s background, Rolling Stone decided to stand with its choice.

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  • March 6, 2015

    BP TO WITHDRAW APPEAL RELATED TO ITS MOTION TO REMOVE CLAIMS ADMINISTRATOR IN RECOGNITION OF IMPROVEMENTS TO COUNTER FRAUD

    Following a detailed review of internal controls and fraud prevention and detection measures at the Court Supervised Settlement Program, BP announced today that it will withdraw its appeal related to its motion to remove the Claims Administrator.  This review, which was facilitated by Special Master Louis Freeh, demonstrated improvements the Settlement Program has made, and is continuing to make, to the facility’s administration, including the addition of scores of fraud investigators.

     

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