A Decade After Deepwater Horizon [The New York Times]
BP p.l.c. (BP)
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Source: The New York Times
Ten years ago this week, a drilling rig called theDeepwater Horizon1,300 miles of shorelineSome good things have happened since then. Thanks partly to nature’s resilience, within two years the oil had mostly gone from sight — evaporated, consumed by bacteria or dispersed to deep water and the ocean floor. The beaches are now largely clean, and the fishing industry has rebounded, with notable exceptions, oyster and crab stocks in particular. And the damage to deepwater corals and fragile reefs may never be repaired. Truth is, the full toll on the gulf and its marine life may not be known for years.By far the most positive development — promising is probably a better word — has been the steady accumulation of evidence that the most vulnerable stretch of coastline, in Louisiana, can someday be restored, or at least saved from the steady erosion that has afflicted it for years. When all is said and done, BP and its partners will have forked over well north of$50 billionLouisiana will need
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BP
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BP
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- 11/14/24 - Form FWP
- BP's page on the SEC website