Our guest blogger is Kiley Kroh.
One day after the Interior Department formally issued citations to BP and its two main contractors, Halliburton and Transocean, for numerous safety and environmental violations connected to the explosion of the Deepwater Horizon rig in the Gulf of Mexico, ranking member of the House Natural Resources Committee Rep. Ed Markey (D-MA) referred to the fines as “nothing more than a slap on the wrist.”
At Thursday’s hearing on the official report on the disaster, Markey noted that the maximum penalty stemming from the citations would be a mere $21 million for BP – just seven hours of profit for the oil giant.
Even in a worst case scenario for BP, these violations that resulted in the nearly 5 million barrels of oil spilling into the gulf would cost the company a total of $21 million. Not billion, million. Considering what we know about what caused this disaster, BP should stand for “Bigger Penalties.” BP is on pace to make more than $25 billion this year — $21 million represents a little over seven hours of profits for the oil giant. That fine obviously does not even begin to approach the amount needed to be a deterrent against a repeat of this tragedy. That fine is nothing more than a slap on the wrist.
Watch it:
In a first step toward imposing civil penalties, on Wednesday Interior sent the companies formal notices that they violated multiple drilling safety regulations that were in place at the time of the spill. The government is accusing BP of violating seven regulations governing work on the outer continental shelf. Transocean, which owned the Deepwater Horizon drilling rig, and Halliburton, which performed cementing work at the site, are charged with four violations each. By law, each charge carries a maximum penalty of $35,000 per day. The notices are just the beginning of a long administrative process to determine civil penalties – which are separate from the Clean Water Act fines also facing the companies – and marks the first time the government has moved to sanction contractors in addition to the well operator. The companies now have 60 days to appeal the citations.
Gov. Rick Perry’s energy agenda is the “Oil Above All plan” gone wild. It would allow oil companies to drill in some of our most precious places protected for our children. He justifies it by repeating Big Oil’s phony job creation numbers
The federal investigation into the BP Gulf of Mexico oil disaster finds that cost-cutting measures by the oil giant led to the blowout of the Deepwater Horizon rig. The
Looking back a little more than a year into the BP Deepwater Horizon disaster, three things are clearly evident: first, BP believes the worst of the environmental and economic damage to the region has past; second, new evidence shows that the company is clearly mistaken; and third, BP’s main priority is to improve their ruined public image.
This week’s Senate hearing on the state of the 
