Damage from BP spill is less than feared 2

Damage from BP spill is less than feared 2 - Damage from BP...

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Damage from BP spill is less than feared By Anna Fifield in Washington, Sheila McNulty in Houston and Fiona Harvey in London Published: August 4 2010 16:03 | Last updated: August 4 2010 19:33 The US government and BP proclaimed a turning point in the battle to combat the Gulf of Mexico oil spill on Wednesday, with the UK oil company claiming it had reached a “significant milestone” in its efforts to seal the well. BP announced its latest attempt to plug the leak had been a success , while a new government report said that three-quarters of the spilt oil had disappeared. “The long battle to stop the leak and contain the oil is close to coming to an end,” said president Barack Obama . “Our recovery efforts, though, will continue. We have to reverse the damage that’s been done. We will continue to work to hold polluters accountable for the destruction they’ve caused,” he added, keeping up the pressure on BP more than 100 days after the accident in April which killed 11. In a new study, led by the National Oceanic and Atmospheric Administration (NOAA), the government said that most of the 4.9m barrels of oil that had spilt from the Macondo well was no longer in the water. About one-third of the spilt oil had been burnt, skimmed or dispersed, either naturally or with chemicals, while a quarter of it had evaporated or dissolved and just under a fifth had been captured directly from the well, the report found. “The vast majority of the oil has either been cleaned, skimmed, contained,” Carol
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This note was uploaded on 12/17/2010 for the course FIN 2408 taught by Professor Lee during the Spring '10 term at Central Washington University.

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Damage from BP spill is less than feared 2 - Damage from BP...

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