On behalf of Rock Palermo of Veron, Bice, Palermo & Wilson, LLC posted in Oil and Gas on July 19, 2012.
To sufficiently atone for the damage done by the April 2010 Deepwater Horizon oil spill, BP should fund a $500 million restoration of Gulf Coast land along the shores of Louisiana, Alabama, Mississippi and Texas, according to a new report recently released by a coalition of environmental groups.
The report was authored by some of the most prominent environmental groups in the country, including the National Audubon Society, the Nature Conservancy, Oxfam, the National Wildlife Federation and the Environmental Defense Fund.
BP, which is one of the largest oil and gas companies in the world, has existing legal obligations to perform cleanup and restoration work in the Gulf, but the exact price tag and the precise nature of those efforts has yet to be determined. In part, that is because some lawsuits that will have an impact on BP's rehabilitative duties have not yet concluded.
Specifically, the report spells out that BP ought to:
- Build almost 200 miles of oyster reefs
- Clean up marine debris Gulf-wide
- Spend $165 million cleaning up Mobile Bay
- Plug unused or exhausted oil and gas wells in the Gulf Coast
Clearly, this is a very audacious request, but on the whole, we support it. We believe that just as individual landowners have rights, so does the whole of society. In other words, society has a right to expect that entities it allows to use its land won't ruin or contaminate it.
We need the jobs and taxes oil and gas companies provide, but we cannot let them mistreat our land, air and water. They are accountable for their actions, just as the rest of are.
Source: The New Orleans Times-Picayune, "Gulf restoration after oil spill should include conservation land purchases, environmental coalition reports," July 18, 2012
Tags: Oil and Gas