The BP oil leak is already being named one of the greatest environmental disasters of all time. Currently, BP and others are racing to come up with a way to contain the oil leaking from the damaged well, but nothing seems to be working yet. Recently, carcasses of some sea creatures, namely dolphins and turtles, were found in the Gulf of Mexico, and oil poisoning is suspected as the cause of their deaths. It will be some time before the effects are contained, and it will take quite the cash advance to pay for the damage.
BP oil leak didn’t cause dolphin and turtle deaths
Recently discovered dolphin and turtle carcasses from the Gulf of Mexico were tested to see if they had expired to due effects of the BP oil leak. The necropsies (autopsy for anything that isn’t human), according to Reuters, concluded that they did not die from oil contamination or ingestion. The bodies of more than 100 sea turtles and 7 dolphins were discovered around the Louisiana coast, and because the BP oil spill is expected to wreak havoc in the region, it was naturally looked into. Dolphins have created a major push for ocean conservation over past decades.
Costs mount on BP Oil Leak
The initial explosion of the Deepwater oil rig claimed 11 lives. The loss of the offshore drilling platform and the expected fallout have led BP, or British Petroleum, to project a loss of more than of $450 million over the incident. The other shareholders, TransOcean and Halliburton, are engaging in a blame war over the incident.
Congress to raise liability limits
A bill was recently introduced into Congress to raise the liability limit imposed on such an event to more than $10 billion, from the current cap on liabilities in such a matter of $75 million, according to the New York Times. The bill was introduced opposed by Senate Republicans, in that it would discourage oil exploration by corporations. Democrats are for it because they want corporations taking responsibility for their actions. The White House sided with the Democrats in a manner that is up to interpretation.