The page you are looking for is temporarily unavailable.
Please try again later

US BP Deepwater Horizon Oil Spill Damage To Environment Valued At $17.2B

08:05  21 april  2017
08:05  21 april  2017 Source:   ibtimes.com

2 Indiana Lake Michigan beaches closed after U.S. Steel chemical spill

  2 Indiana Lake Michigan beaches closed after U.S. Steel chemical spill The chemical spill that closed two beaches in the Indiana Dunes National Lakeshore was from a U.S. Steel wastewater discharge to Burns Waterway that contained hexavalent chromium, a toxic byproduct of industrial processes, according to a spokeswoman with the Environmental Protection Agency. The spill, from the U.S. Steel facility in Portage, closed the beaches at West Beach and the Portage Lakefront and Riverwalk Tuesday afternoon.

The April 2010 BP Deepwater Horizon oil spill did $ 17 . 2 billion in damage to natural resources, a study published in the journal Science said. Scientists conducted a six-year study of the impact of the 134-million gallon BP oil spill in the Gulf of Mexico.

Following a violent explosion, the BP Deepwater Horizon oil rig spewed out 134 million gallons of oil into the Gulf of Mexico off the coast of New Orleans. Putting a dollar value on the natural environment is fairly hard to do.

  BP Deepwater Horizon Oil Spill Damage To Environment Valued At $17.2B © Provided by IBT US

The April 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to natural resources, a study published in the journal Science said.

Scientists conducted a six-year study of the impact of the 134-million gallon BP oil spill in the Gulf of Mexico. Researchers created a survey to put a dollar value on the natural resources damaged by the BP disaster by determining how much a household was willing to pay for measures that would prevent similar damages if aanother spill happened.

The BP spill damaged beaches, marshes, animals, fish and coral, which people deem extremely valuable. The study found Americans value the natural resources at $17.2 billion.

Leak raises concerns about aging Alaska seafloor pipelines

  Leak raises concerns about aging Alaska seafloor pipelines ANCHORAGE, Alaska — Alaska's picturesque Cook Inlet is home to endangered beluga whales and wild salmon — and a spider web of oil and natural gas pipelines on the sea floor, many of them placed there five decades ago.Cook Inlet's petroleum production is often overshadowed by Alaska's giant North Slope oil fields, but the inlet is in the spotlight as millions of cubic feet of natural gas spew from an underwater pipeline owned by the inlet's largest petroleum producer, Hilcorp Alaska LLC.

The Deepwater Horizon disaster is considered the largest marine oil spill in United States history. New research to be published in the journal Science tomorrow quantifies for the first time the damage done to the Gulf of Mexico’s natural Putting a value on injuries to natural assets: The BP oil spill .

BP leased the Deepwater Horizon oil rig from Switzerland-based Transocean, Ltd, the world's largest offshore drilling contractor. Stopping the oil leaking from the damaged undersea well is one thing; actually cleaning up the oil spill is another.

“This is proof that our natural resources have an immense monetary value to citizens of the United States who visit the Gulf and to those who simply care that this valuable resource is not damaged,” Kevin Boyle, a Virginia Tech professor of agricultural and applied economics, said in a statement.

A month after the BP spill, the U.S. National Oceanic and Atmospheric Administration ordered researchers to put a value on the environmental harm caused by the BP explosion and subsequent spill. The study found the average household was willing to pay $153 in taxes for programs that prevent events like the BP oil spill. The $153 was then multiplied by the number of those surveyed and had a final valuation of $17.2 billion.

“The results were eye-opening in that we could tell how much people really value marine resources and ecosystems,” said Boyle, who was one of the authors of the paper. “And even more meaningful because we did additional analysis that proved the legitimacy of oft-criticized values for environmental resources.”

2 Tennessee Cases Bring Coal’s Hidden Hazard to Light

  2 Tennessee Cases Bring Coal’s Hidden Hazard to Light Coal ash, a largely unseen byproduct of electricity production, is leaking from storage ponds, two lawsuits contend, and could be threatening the drinking water of more than a million people.Coal ash, the hazardous byproduct of burning coal to produce power, is a particularly insidious legacy of the nation’s dependence on coal. Unlike the visible and heavily regulated airborne emissions from power plant smokestacks, coal ash is largely unseen unless there is a major spill and, until recently, far less effectively regulated.

A recent study revealed that the 2010 BP Deepwater Horizon oil spill , touted as the largest oil spill in the U.S. history, has caused more than $ 17 . 2 billion in damages . The oil drilling rig Deepwater Horizon operating off the Gulf of Mexico exploded and sank on April 20, 2010

The Deepwater Horizon disaster is considered the largest marine oil spill in United States history. And the researchers behind the Science study estimate that it inflicted $ 17 . 2 billion in damages on the Gulf’s natural resources. In order to arrive at a monetary value for the harm done to the Gulf, 18

The study is the first financial accounting of the natural resources impacted by BP oil spill.

The Deepwater Horizon oil rig explosion killed 11 workers and caused a leak that lasted 87 days.

After the incident, BP’s chief executive officer stepped down. The company said it created a “new safety division with sweeping powers to oversee and audit its operations around the world” after the disaster, and said it's making the company “a safer, more risk-aware business.”

Scientists hope the study will compel politicians to protect the environment from such events.

“Our estimate can guide policymakers and the oil industry in determining not only how much should be spent on restoration efforts for the Deepwater spill, but also how much should be invested to protect against damages that could result from future oil spills,” Boyle said. “People value our natural resources, so it’s worth taking major actions to prevent future catastrophes and correct past mistakes.”

Trump to order review of offshore drilling .
President Trump will sign an executive order on Friday to reconsider several major Obama-era actions cracking down on offshore drilling. The aim of the order, Interior Secretary Ryan Zinke told reporters Thursday, is to consider how to best expand offshore drilling in U.S. waters.The Trump administration is reversing President Obama's The aim of the order, Interior Secretary Ryan Zinke told reporters Thursday, is to consider how to best expand offshore drilling in U.S. waters.

—   Share news in the SOC. Networks
This is interesting!