SPANISH FORT, Ala. — BP PLC announced Today the first $3 billion of an eventual $20 billion escrow account has been deposited in a trust to pay legitimate claims stemming from the April 20 Deepwater Horizon incident.
Alabama, Florida, Mississippi and Louisiana have all called on BP to fund mental health care. And Louisiana advised the Department of Health and Human Services last month that it was encountering "increases in anxiety, depression, stress, grief, excessive and earlier drinking and suicide ideation."
U.K. oil giant BP PLC (BP) has pushed back the start of its exploration for oil in deep water offshore Libya for an unspecified period of time to ensure all its plans are in order, but the company and the Libyan authorities insist the drilling will be safe.
BP said it will proceed with its first deep water well offshore Libya some time later this year. However, amid fears in Europe that an accident similar to the oil leak in the Gulf of Mexico could trigger an ecological disaster in the Mediterranean.
With no oil to fight in South Florida, BP has begun downsizing its Miami operations center. It's giving up one high-rise office near Brickell Avenue and isn't sure how long it will keep a lease on another.
Reporting from Atlanta and Los Angeles — The effort to permanently kill BP's troubled gulf well, originally scheduled for the end of this week, has been delayed several days by the approach of a tropical storm system, officials said Tuesday.