Types of cases: Loss of Income, Related topics: Environmental Litigation, Environmental Toxins
Common Misspellings: Gulf of Mexico Oil Spill
Gulf of Mexico Oil Spill
On April 20, 2010, an oil drilling rig named the Deepwater Horizon exploded in the Gulf of Mexico, killing 11 platform and caused the largest oil leak in the history of the petroleum industry. The well was officially capped on Sept. 19, after an estimated 62,000 gallons per day flowed from the oil well for five months.
The United States government named British Petroleum, or BP, as the responsible party. After several internal investigations, BP admitted that it made several mistakes that contributed to what is now known as the Gulf of Mexico oil spill.
The BP Oil Spill can caused extensive ecological damage and has effectively hurt the fishing and tourism industries of the Gulf of Mexico. Although BP has committed financial resources to the area, many are unsatisfied with the process. Although claims have been processed at 1,500 per day, government complaints and community backlash state the financial resources are not adequate enough to compensate for the loss of income. Many businesses have been forced to shut down due to the oil disaster.
Due to the oil spill, BP has created a $20 billion reliefe fund, however, many individuals have contacted lawyers or attorneys as they feel their claims have not been adequately funded or reviewed. in September 2010, Mexico’s federal government filed suit against BP and Transocean, the owner of the oil rig, for financial loss to the fishing and tourism industries.