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BP Profits $3 Million Each Hour in 2011—Attempts to Evade Responsibility to Gulf
By Jaclyn McDougal
Reports on Feb. 7 indicate that BP made a major profit for 2011. BP announced that it made a profit of $25.7 billion during the 2011 calendar year. BP’s fourth-quarter profits alone reached $7.69 billion, up 38 percent from 2010. The company made $3 million every hour during 2011.
“BP made nearly $26 billion and the Gulf still waits to be restored,” said Jeremy Symons, senior vice president of conservation and education with National Wildlife Federation. “Now it’s up to Congress to hold BP accountable and repair the Gulf’s waters, wildlife and America’s seafood supply by passing the RESTORE Act—before BP hastily reaches a settlement that could let them off the hook for the full amount of fines they should pay.”
“Nearly two years after the Gulf oil disaster BP has still not fulfilled its commitment to the Gulf of Mexico, but instead is preparing for their upcoming trial with a full war chest,” Symons stated. “BP’s announcement on their annual profits today shows that they have available funds for widespread restoration but choose to use their money for commercials showcasing their broken promises to the Gulf of Mexico.”
Restoration is critical to the well-being of the Gulf ecosystems and livelihoods. A healthy ecosystem is the lifeblood of a healthy Gulf economy, both regionally and nationally. Congress must pass the RESTORE Act before a settlement sends the fine money to Washington, D.C. where it can be used for unrelated federal spending, instead of restoring the ecosystems and economies of the five Gulf States.
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EcoWatch Daily Newsletter
by Jordan Davidson
Taking action to stop the mercury from rising is a matter of life and death in the U.S., according to a new study published in the journal Science Advances.
By Alisa Opar
For Chinook salmon, the urge to return home and spawn isn't just strong — it's imperative. And for the first time in more than 65 years, at least 23 fish that migrated as juveniles from California's San Joaquin River and into the Pacific Ocean have heeded that call and returned as adults during the annual spring run.
By Jessica Corbett
Dozens of students, parents, teachers and professionals joined a Friday protest organized by Extinction Rebellion that temporarily stalled morning rush-hour traffic in London's southeasten borough of Lewisham to push politicians to more boldly address dangerous air pollution across the city.
Jose A. Bernat Bacete / Moment / Getty Images
By Bridget Shirvell
On a farm in upstate New York, a cheese brand is turning millions of pounds of food scraps into electricity needed to power its on-site businesses. Founded by eight families, each with their own dairy farms, Craigs Creamery doesn't just produce various types of cheddar, mozzarella, Swiss and Muenster cheeses, sold in chunks, slices, shreds and snack bars; they're also committed to becoming a zero-waste operation.
By Jessica A. Knoblauch
Summers in the Midwest are great for outdoor activities like growing your garden or cooling off in one of the area's many lakes and streams. But some waters aren't as clean as they should be.
That's in part because coal companies have long buried toxic waste known as coal ash near many of the Midwest's iconic waterways, including Lake Michigan. Though coal ash dumps can leak harmful chemicals like arsenic and cadmium into nearby waters, regulators have done little to address these toxic sites. As a result, the Midwest is now littered with coal ash dumps, with Illinois containing the most leaking sites in the country.