BP vows to pay all costs of oil spill cleanup

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
5,306
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on May 4, 2010

http://www.timesofearth.com/Worldnews/?NT=0&nid=21584 SAN FRANCISCO - Oil giant BP has said that it will pay for all the cleanup costs from a ruptured oil well in the Gulf of Mexico that could continue spewing crude oil for at least another week.

The British company issued a statement on its website on Monday, saying that it took responsibility for the Deepwater Horizon spill and would pay compensation for legitimate claims for property damage, personal injury and commercial losses.

"We are responsible, not for the accident, but we are responsible for the oil and for dealing with it and cleaning the situation up," Tony Hayward, BP's chief executive, said on Monday on the TV show, Good Morning America.

He said that the equipment that failed on the rig and led to the spill belonged to a company called Transocean, and not BP.

Guy Cantwell, a Transocean spokesman, said that they would not speculate but rather wait for all the facts before drawing a conclusion.

Eric Holder, the US attorney general, said that the justice department was taking part in an ongoing investigation into the spill.
"We are part of an ongoing monitoring [effort] and investigation along with our partners at DHS [the department of homeland security] and other agencies that are involved," Holder said.

However, a justice department official said that it was yet not a criminal probe.

Barack Obama, the US president, said on Sunday that his administration would require BP to bear all costs.

"BP is responsible for this leak; BP will be paying the bill," Obama said.

Meanwhile, Hayward said chemical dispersants seem to be having a significant impact in keeping oil from flowing to the surface.

The update on the dispersants came as BP was preparing a new, untested system nearly 1.6km under water to syphon away the geyser of crude.

However, the plan to lower 74-tonne, concrete and metal boxes being built to capture the oil will need at least another six to eight days to get it in place.

That could spill at least another 3.8 million litres into the Gulf, on top of the roughly 9.8 million litres already estimated to have spilled since the April 20 blast.

Officials were also trying to cap one of three leaks to make it easier to place the first box on the sea floor.

Crews continued to lay boom to try to keep the spill from reaching the shore, though choppy seas have made that difficult and rendered much of the equipment useless.

Fishermen from the mouth of the Mississippi River to the Florida Panhandle were informed that more than 17,612 square km of fishing areas were closed.

This was expected to have a devastating impact on their livelihood's for at more than the next 10 days, just as the prime spring season had begun.

The slick was also very close to a key shipping lane used to feed goods and materials to the interior of the US via the Mississippi River.

Even if the well is shut off in a week, officials say that it will take a long time for fishing and coastal life to return to normal.

Everything engineers have tried since the April 20 oil rig explosion has failed.

After the blast, which killed 11 people, the flow of oil should have been stopped by a blowout preventer, but the mechanism failed.

Efforts to remotely activate it have proven fruitless.

The oil could keep gushing for months until a second well can be dug to relieve pressure from the first.


----------
Copyright 2010 THE TIMES OF EARTH All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Category:

News & Politics

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (39)

Sign In or Sign Up now to post a comment!
  • great clip .. keep it up thanks

  • NOOOOO NOT THE TUTTLES

  • america has been shitting all over the world for years. as soon as something happens in their backyard all hell breaks loose and obama starts acting like an animal. bunch of yankee pricks i think.

  • @log140 Even worst case... The oil corporations gets their own president in the white house... Owh wait... Damn... Well, It could be worse right, some how?

    Seriously... My heart goes out to you guys and I guess we all are in for this soon.

  • worse case scenario: BP doesn`t go bankrupt!!!!

  • Capitalism shall fall! People wake! Our Common sense for decency and justice will bring us all together. Workers of the world....UNiTE!

  • Even if you aren't affected, please join the SAVE THE GULF group on Facebook.

  • Does anybody else think that this spill will Bankrupt BP? They should have to pay through the nose for their "reported" negligence and loss of life. And this spill should have been capped a long time ago........

  • They say that they'll pay, well i'll see it to believe it. Dont believe a word that these money hungry giants say.

  • If BP can cut clean the top of the pipe(making the leah worse btw?then why couldn't they just squeeze/clamp the top of the damn pipe shut?They have the tools,resources and man power to do this.It seems like the want it to still flow so the can cap it later and be back in buisness selling oil!!

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more