How did the Obama administration respond to the environmental disaster created by the Deepwater Horizon oil spill?

History

2 answers:

ziro4ka [17]2 years ago

8 0

Gulf Coast Ecosystem Restoration Task Force
...not to mention BP had to pay back a lot of money

Aleonysh [2.5K]2 years ago

6 0

Answer: Gulf Coast Ecosystem Restoration Task Force

Explanation:

After the accident, the company had its valuation downgraded by risky agencies, saw its stock plummet and had to sell billions of dollars worth of assets. At the height of the crisis, their survival came to be questioned. BP has been the subject of multiple lawsuits, many of them government-driven, for both criminal violations and violations of civil regulations, such as the Clean Water Act. In an agreement considered the largest of its kind in American history, BP has agreed to pay about $ 20 billion to the federal government and the five states affected by the environmental catastrophe.

The company also had to pay billions in compensation to affected victims, families, individuals and businesses, cleaning costs, environmental damages, fines, and other damages, forcing the president Barack Obama to create the Gulf Coast Ecosystem Restoration Task Force to preserve the gulf coast. The final estimate of more than $ 65 billion does not include loss of revenue and damage to the company's reputation - and the cost may still increase as some of the thousands of lawsuits brought by individuals and small businesses damaged by the disaster are open.

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