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Tag Archives: gulf coast

Oil spill settlement bill stumbles at session end

Oil spill settlement bill stumbles at session end

MONTGOMERY, Ala. (AP) — Lawmakers are continuing to disagree over how much of the state’s oil spill settlement funds should go to road projects and how much to the Gulf coast. The feud on Tuesday threatened to doom legislation doling out the settlement dollars. A Senate budget committee was scheduled to vote Tuesday on legislation to use $191 million for ...

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24 dead in Mexico petrochemical plant blast, 8 still missing

24 dead in Mexico petrochemical plant blast, 8 still missing

COATZACOALCOS, Mexico (AP) — The death toll from an explosion that ripped through a petrochemical plant on Mexico’s southern Gulf coast is now 24, state oil company Petroleos Mexicanos reported. Pemex raised the toll late Thursday from the 13 fatalities previously known and said eight workers remained missing. It also said 19 people remained hospitalized, with 13 of them in ...

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Latest suit over coastal damage adds to oil company woes

Latest suit over coastal damage adds to oil company woes

NEW ORLEANS (AP) — Cameron Parish in southwestern Louisiana has joined the list of those suing the oil and gas industry over damage to the state’s badly eroding coast. The parish filed a series of suits Monday with defendants — including major oil companies — numbering close to 200. Industry associations immediately condemned the suits as an unwarranted attack on ...

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$52 million allocated to improve Louisiana coastline

$52 million allocated to improve Louisiana coastline

BATON ROUGE, La. — The Gulf Coast Ecosystem Restoration Council has approved $52 million in Deepwater Horizon project money for coastal restoration projects. News outlets report that the federal-state Restore Act council approved the funds Wednesday for six coastal-restoration projects and a study of the lower Mississippi River in Louisiana. The money comes from Clean Water Act fines paid by ...

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IEA sees bear oil market as stocks balloon

LONDON – The world is awash with oil having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday. “Stockpiles of oil at a record 3 billion barrels are providing world markets with a degree of comfort,” the IEA ...

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Katrina and the next crisis

The following editorial appeared in the Chicago Tribune on Monday, Aug. 24: On Aug. 29, 2005, Hurricane Katrina made landfall over southern Louisiana, causing unprecedented destruction along the Gulf Coast and in New Orleans. Ten years later, what can we say we learned? The Gulf Coast survived. New Orleans survived. Yet the scars run deep — not only for the ...

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BP settlement money flows to governments in far-flung places

BATON ROUGE, La. — Clusters of landlocked municipalities more than 100 miles from the Gulf Coast have secured millions of dollars in BP money through settlements designed to compensate local governments for lost tourism dollars and other economic damage from the company’s 2010 oil spill, according to records obtained by The Associated Press. This week, BP finished making approximately $687.4 ...

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