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BP Oil Spill Clean Up Technology Ideas - Part 19 - Kevin Costner Testimony Part 7 (2010)
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June 9, 2010 ... Watch the full hearing: the Deepwater Horizon explosion a six-month offshore drilling (below 500 feet (150 m) of water) moratorium was enforced by the United States Department of the Interior. Secretary of the Interior Ken Salazar ordered immediate inspections of all deep-water operations in the Gulf of Mexico. An Outer Continental Shelf safety review board within the Department of the Interior is to provide recommendations for conducting drilling activities in the Gulf. The moratorium suspended work on 33 rigs. It was challenged by several drilling and oil services companies. On June 22, a United States federal judge on the United States District Court for the Eastern District of Louisiana Martin Leach-Cross Feldman when ruling in the case Hornbeck Offshore Services LLC v. Salazar, lifted the moratorium finding it too broad, arbitrary and not adequately justified. The Department of Justice appealed to the 5th Circuit Court of Appeals, which granted the request for an expedited hearing. A three judge panel is scheduled to hear oral arguments on July 8.On June 30, Salazar said that "he is working very hard to finalize a new offshore drilling moratorium." Michael Bromwich, the head of the newly created Bureau of Ocean Energy Management, Regulation and Enforcement, said that a record of "bad performance, deadly performance" by an oil company should be considered "a relevant factor" for the government when it decides if that company should be awarded future drilling leases. Representative George Miller plans to introduce to the energy reform bill under consideration in the United States House of Representatives that a company's safety record should factor into leasing decisions. By this amendment he wants to ban BP from leasing any additional offshore acreage for seven years because of "extensive record of serious worker safety and environmental violations."On April 28 the National Energy Board of Canada, which regulates offshore drilling in the Canadian Arctic and along the British Columbia Coast, issued a letter to oil companies asking them to explain their argument against safety rules which require same-season relief wells. Five days later, the Canadian Minister of the Environment Jim Prentice said the government would not approve a decision to relax safety or environment regulations for large energy projects. On May 3 California Governor Arnold Schwarzenegger withdrew his support for a proposed plan to allow expanded offshore drilling projects in California. On July 8 Florida Governor Charlie Crist called for a special session of the state legislature to draft an amendment to the state constitution banning offshore drilling in state waters, which the legislature rejected on July 20.According to the U.S. Energy Information Administration (EIA), offshore drilling in the Gulf of Mexico accounts for 23.5% of U.S. oil production. The chief argument in the U.S. offshore drilling debate has been to make the United States less dependent on imported oil. American dependence on imports grew from 24% in 1970 to 66% in 2008.BP initially promised to compensate all those affected. Tony Hayward, BP CEO, stated, "We are taking full responsibility for the spill and we will clean it up and where people can present legitimate claims for damages we will honour them. We are going to be very, very aggressive in all of that."On June 16, after meeting with President Obama, BP executives agreed to create a $20 billion spill response fund. BP has said it will pay $3 billion in third quarter of 2010 and $2 billion in fourth quarter into the fund followed by a payment of $1.25 billion per quarter until it reaches $20 billion. In the interim, BP posts its US assets worth $20 billion as bond. The amount of this fund is not a cap on BP's liabilities. For the fund's payments, BP will cut its capital spending budget, sell $10 billion in assets, and drop its dividend. The fund will be administered by Kenneth Feinberg. One aim of the fund will be to minimize lawsuits against the company. According to BP's officials the fund can be used for natural resource damages, state and local response costs and individual compensation but cannot be used for fines or penalties.
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