The Wall Street Journal reported on August 10, 2010 that the Obama administration was close to sealing a deal with BP that would make the U.S. business partners with BP’s operations in the Gulf of Mexico. The idea is that the U.S. would take as collateral a security interest (like a mortgage) in BP’s future oil and gas revenues from Gulf operations for the $20 billion that BP promised to put into escrow. Should that happen, the U.S. Treasury would have a direct financial interest in the success of BP’s oil exploration and production activities in the Gulf until the entire $20 billion is deposited in the escrow fund.
The news from the Gulf of Mexico seafloor is good.
BP pumped the infamous Deepwater Horizon well full of cement on Thursday. The cement appears to be doing its job. And, after some pressure tests on Friday afternoon confirmed that fact, work on the relief well resumed.
Congress is having a hard time passing new laws to limit greenhouse gas pollution and spur clean energy innovation. Congressional legislation, however, is not the US government's only option.
Yesterday it became clear the Senate will go home for the August recess without responding to the BP oil spill. Obstruction among Republican Senate leadership and a handful of recalcitrant Democrats has grown so strong that not even an environmental disaster lasting more than 100 days can spur action.
Last week, the House Natural Resource Committee passed legislation called the Consolidated Land, Energy and Aquatic Resources Act, known as the CLEAR Act.
Challenge yourself this summer with these 10 useful tips to eliminate your water waste!
In addition to saving money on your utility bill, water conservation helps prevent water pollution in nearby lakes, rivers and local watersheds. Conserving water can also extend the life of your septic system by reducing soil saturation, and reducing any pollution due to leaks.
A minority of Senators has blocked the United States Senate from protecting our children’s and our country’s future. Because of their denial and obstructionism, Senate Majority Leader Harry Reid said yesterday that the Senate cannot take up comprehensive clean energy and climate legislation at this time.
This is an abject failure, one that rests in the hands of the Senate Republican Leadership and a small cluster of Democratic Senators.
Satellite imagery and aerial reconnaissance can only see what’s visible on the surface of the water – they’re not able to tell us the locations and movement of the submerged plumes of oil droplets. These plumes could well be drifting offshore of Florida and without looking to see if they’re there, we won’t know.
Oil continues to plague the Gulf of Mexico, but press reports indicate that today President Obama will adopt a new policy that provides hope for the future of our seas. Like the groundbreaking Clean Water Act and the Clean Air Act, this national policy will transform the way we manage our oceans and Great Lakes – helping us protect and restore our marine resources.
On July 12, 2010, eighty-three days after BP’s Deepwater Horizon drilling rig blew up and killed 11 workers, Department of the Interior Secretary Ken Salazar issued his second moratorium on new drilling for oil on the U.S. Outer Continental Shelf in the Gulf of Mexico. You can find Secretary Salazar’s Decision Memorandum here, and a Q and A prepared by the Department of the Interior here. This new moratorium will last, at most, to November 30, 2010.