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do you still have a claim out against bp? >> we are suing bp. and we were offered a settlement and it was not good for us, so we opted out and we're trying to get a court date right now. >> so you don't call the company responsible for this spill, bp, you call them a different name. what is that name? >> we call them polluters british pinocchios, and a lot of stuff and everything but a responsible company. >> why do you call them british pinpinocchios? >> well, everything is a complete lie. they say that they want to get it behind them, but have never come to our office and sit down to talk to us. we make our living off of the gulf coast the same waters that they destroyed. but they prepared we don't exist. >> how good was business for you before the spill? give me a comparison here, and how much damage did the spill do to your business. >> you have to understand how the spill was. you have about a 30-mile circle that's really, really messed up. and i just got unfortunate to be right in the middle of the 30-mile circle. they destroyed my busines
do you still have a claim out against bp? >> we are suing bp. and we were offered a settlement and it was not good for us, so we opted out and we're trying to get a court date right now. >> so you don't call the company responsible for this spill, bp, you call them a different name. what is that name? >> we call them polluters british pinocchios, and a lot of stuff and everything but a responsible company. >> why do you call them british pinpinocchios? >> well,...
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bp had to settle 12 criminal charges and bp was found grossly negligent in causing the disaster.h those crimes in a grossly negligent behavior comes a historic fine if you apply our laws. and our laws are supposed to account for the enormous amount of oil spilled into the gulf of mexico, the clean water act, the oil pollution act says bp is required to put everything back the way it was basically. economically and ecologically. pay for the damage that was done and pay for restoration. that is the oil pollution act. in addition, we want to make sure that other companies will not engage in the same sort of criminal and grossly negligent behavior. and so want each of those legal counts, i think the settlement failed. it fails to account for the clean water act and fails to account for full restoration and i think it certainly failed as a very very important tool for dissuading this type of behavior in the future, which is very problematic given the move of the oil industry and even more dangerous and risky oil drilling behavior. aaron: could you explain how it breaks down? how much
bp had to settle 12 criminal charges and bp was found grossly negligent in causing the disaster.h those crimes in a grossly negligent behavior comes a historic fine if you apply our laws. and our laws are supposed to account for the enormous amount of oil spilled into the gulf of mexico, the clean water act, the oil pollution act says bp is required to put everything back the way it was basically. economically and ecologically. pay for the damage that was done and pay for restoration. that is...
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justice department and bp have now reached a settlement.l us think significance of this case. >> reporter: first of all it's the largest environmental damage settlement in the history of the united states, as well as the largest civil settlement. this is an agreement in principal, because it still has to be ratified by a u.s. court, to settle the economic damages and the natural resource damages that were inflicted on those states in that territory as the result of the spill in 2010. now the -- the government says that this will be monitored by the -- the justice department as it -- as it plays out, because bp will not have to pay out this money, which ultimately will amount to about $20 billion for 16 years, and that understandably produces a sigh of relief on the stock markets because bp's share price rose as a result of this announcement. nevertheless it is a big blow to the overall revenue, long term of bp and this goes on top of individual settlements given to people who had made claims about -- that they individually fishermen, land o
justice department and bp have now reached a settlement.l us think significance of this case. >> reporter: first of all it's the largest environmental damage settlement in the history of the united states, as well as the largest civil settlement. this is an agreement in principal, because it still has to be ratified by a u.s. court, to settle the economic damages and the natural resource damages that were inflicted on those states in that territory as the result of the spill in 2010. now...
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bp was also weaker. prices in the second quarter would have been higher bp has a lot of maintenance. in the gulf of mexico that is high-profile and high-volume. we were expecting that. the refining sector has been a lot weaker. bp is indicating he is getting the message they need to cut. it is down not drastically, but i think they are laying the ground in case they need to really go down. bp was guiding around $20 billion. the guidance is it was going to be low -- below $20 billion. >> thank you very much. let's take a short break. here are a couple of events weird keeping -- we are keeping an ion. u.k. gdp is likely to have regained some traction. and interest rate decision is due tomorrow. it's unlikely the fed will lose, but we will -- will move and we will take a short break on the program. ♪ anna: welcome back. it is eight:17 if you are watching in frankfurt. signs the global glut will continue. rent in london closed more than 20% -- brent in london closed more than 20% lower. u.s. policymakers beg
bp was also weaker. prices in the second quarter would have been higher bp has a lot of maintenance. in the gulf of mexico that is high-profile and high-volume. we were expecting that. the refining sector has been a lot weaker. bp is indicating he is getting the message they need to cut. it is down not drastically, but i think they are laying the ground in case they need to really go down. bp was guiding around $20 billion. the guidance is it was going to be low -- below $20 billion. >>...
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. >>> it could be the largest settlement in american history, more than $18 billion for the bp oil spill. >>> thousands evacuated in eastern tennessee after a train derails. it was carrying highly toxic materials. >>> and an early morning false alarm at a naval yard in the nation's capitol. reports of shooter at any same base where there was a massacre two years ago. ♪ >>> this is al jazeera america live from new york city. i'm randall pinkston. four gulf states have reached settlement with bp over the deep water horizon oil spill in the gulf of mexico. bp has agreed to pay $18.7 billion to the gulf states louisiana, mississippi, alabama, and florida will get the money, $6.8 billion will go to louisiana. u.s. attorney general in a statement said if approved by the court, this settlement would be the largest in a single entity in american history: andy gallagher is live in miami. andy, early on analysts expected bp which already has spent billions to keep the parties tied up in court, why do you think they agreed to settle? >> reporter: well this has obviously been a very long and protrac
. >>> it could be the largest settlement in american history, more than $18 billion for the bp oil spill. >>> thousands evacuated in eastern tennessee after a train derails. it was carrying highly toxic materials. >>> and an early morning false alarm at a naval yard in the nation's capitol. reports of shooter at any same base where there was a massacre two years ago. ♪ >>> this is al jazeera america live from new york city. i'm randall pinkston. four gulf...
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nonprofit gulf restoration network says bp could pay more. for now it's best for the region, so states can begin the restoration work. >> if the money comes out to we store the coast. that's less damage we have to repair in the future. money now is words more than money in 10 years after a big long legal battle >>> in tennessee, 5,000 people have been evacuated from their homes after a train carrying a toxic chemical derailed and court fire around midnight on wednesday. a tank car containing a highly flammable liquid used to create plastics burnt for 10 hours. people were taken to hospital with respiratory and skin issues >>> anonymous donors are providing 3 million to establish a scholarship fund in the name of reverend clementa pinckney. he was a victim of the church shooting. he was the pastor of a church and a south carolina senators. in a statement he said. the reverend embodied values binding us together as americans. >>> jim webb is running for president. he launched his bid for the 2016 democratic nomination on the website. webb joins
nonprofit gulf restoration network says bp could pay more. for now it's best for the region, so states can begin the restoration work. >> if the money comes out to we store the coast. that's less damage we have to repair in the future. money now is words more than money in 10 years after a big long legal battle >>> in tennessee, 5,000 people have been evacuated from their homes after a train carrying a toxic chemical derailed and court fire around midnight on wednesday. a tank...
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bp shareholders see relief, but it is not the end of the line. >> the settlement will cost bp more thanne other payments for natural resource damages are factored in. it comes on top of billions that bp has spent on response cleanup, and compensation. that has pushed it to raise its budget to pay for the sales. that is about the gdp of luxembourg. that may not be enough. one lawyer said the cost could reach $70 billion. the settlement we reached now is to cover state and federal claims. there are businesses that did not join a smaller settlement and they are demanding billions. the relief is for investors because the biggest threats are gone now. manus: they are saying what a relief. jpmorgan says it is a manageable cents. the greater conundrum is what happens next to bp? to they become a target? nejra: that is the big question. bob dudley took over in the wake of this spill in 2010. he said i am able to spend more time running operations and less dealing with the consequences of the disaster. he will have his work cut out. the company sold about a third of its assets. production has be
bp shareholders see relief, but it is not the end of the line. >> the settlement will cost bp more thanne other payments for natural resource damages are factored in. it comes on top of billions that bp has spent on response cleanup, and compensation. that has pushed it to raise its budget to pay for the sales. that is about the gdp of luxembourg. that may not be enough. one lawyer said the cost could reach $70 billion. the settlement we reached now is to cover state and federal claims....
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did bp get off cheaply? we will speak to antonia juhasz. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. house lawmakers in south carolina have passed a measure
did bp get off cheaply? we will speak to antonia juhasz. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. house lawmakers in south carolina have passed a measure
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whose firm represents victims of the bp spill. it's been a long road for all of your clients. tell us about this settlement. your thoughts on it is it fair does it go far enough? >>. >> you know several good questions there, ed first of all, it doesn't go far enough it's frankly not a good settlement the government has been waiting five years and has tried their case in bp. we know from the amount of oil that was spilled, the minimum that would have been owed to the department of justice claim alone would have been about 4 billion with a high of 14 billion. bp has waited five years in protracted delays trials and appeals before coming to the table and bungling up all of these claims. the department of justice and municipality claims got a good package deal. this package deal is a lot less than what we would have owed under the legal system had they tried to defend these all one at a time. and it's also something you noted, they get to pay out over an 18 year time frame. if you looked at the present cash value of that less the inte
whose firm represents victims of the bp spill. it's been a long road for all of your clients. tell us about this settlement. your thoughts on it is it fair does it go far enough? >>. >> you know several good questions there, ed first of all, it doesn't go far enough it's frankly not a good settlement the government has been waiting five years and has tried their case in bp. we know from the amount of oil that was spilled, the minimum that would have been owed to the department of...
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. >>> and the 25,000 mexican fishermen who are suing the oil giant bp. >>> hello.upporters of the rival sides in greece's bailout referendum are gathering for final rallies in central athens. earlier in a televised address the prime minister called on voters to say no to what he called blackmail and ultimatums and reject the terms offered by international leaders. e.u. leaders kept up the pressure warning a no vote would weaken greece's negotiation position with creditor creditors. [ inaudible ] ask voters where a proposal submitted by the commission should be accepted. the choices are, no not accepted, or yes, accepted. greece is making final preparations for the referendum. let's take a look. as people try to decide which way to vote the banks in greece remain closed and negotiations with creditors are still on hold. al jazeera's john psaropoulos is live for us now in the greek capitol athens. as the rival rallies begin to take place, the greek people seem as divided as ever. >> that's right. the vote is currently too close to call. three polls that we have seen
. >>> and the 25,000 mexican fishermen who are suing the oil giant bp. >>> hello.upporters of the rival sides in greece's bailout referendum are gathering for final rallies in central athens. earlier in a televised address the prime minister called on voters to say no to what he called blackmail and ultimatums and reject the terms offered by international leaders. e.u. leaders kept up the pressure warning a no vote would weaken greece's negotiation position with creditor...
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host: the oil company bp and five u.s. states have announced in $18 billion -- and $18 billion settlement. it was one of the worst u.s. environmental disasters. our business correspondent spoke to us a short time ago. this is a huge payout by bp. where exactly is the money going? >> this settles the violations of the clean water act. that was the part being enforced by the department of justice. more than $12 billion of the $18 billion is going to settle those violations. the rest of the money is going to go to the five gulf states that were most heavily affected by the spill. host: did the market think bp could afford to pay such a huge amount of money? >> he would think paying $18 billion would be something investors wouldn't really like, but the stock closed higher today, 5% higher at the close of trading. that's because this settles most of the issues with regards to the oil spill. bb has been saving money with a variety of measures. they have been looking into renewable energy. they have gotten rid of some of their pl
host: the oil company bp and five u.s. states have announced in $18 billion -- and $18 billion settlement. it was one of the worst u.s. environmental disasters. our business correspondent spoke to us a short time ago. this is a huge payout by bp. where exactly is the money going? >> this settles the violations of the clean water act. that was the part being enforced by the department of justice. more than $12 billion of the $18 billion is going to settle those violations. the rest of the...
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. >>> $18.7 billion, bp reaches a record settlement for its gulf of mexico oil spill. >>> and guidedy gps, the app that is helping blind people tackle hiking trails on their own. ♪ >>> the muslim brotherhood is calling for an uprising in egypt after 13 of the group's leaders were killed during a raid by security forces. while the banned organization demands action. president sisi is poised to sign toughened anti-terrorism legislation. the new laws give prosecutors the right to wiretap and record private conversations held on the phone or online. anyone who leads, runs or gives money to a designated terrorist organization will face the death penalty or life in prison. all of those found guilty of promoting the use of violence through social media face five years behind bars and finally security forces will be exempt from legal repercussions for their actions while enforcing the new law. our correspondent reports on the latest attack. >> reporter: as the dead were taken from this foring in cairo their families say their loved ones were killed in cold blood. they say they had been taken
. >>> $18.7 billion, bp reaches a record settlement for its gulf of mexico oil spill. >>> and guidedy gps, the app that is helping blind people tackle hiking trails on their own. ♪ >>> the muslim brotherhood is calling for an uprising in egypt after 13 of the group's leaders were killed during a raid by security forces. while the banned organization demands action. president sisi is poised to sign toughened anti-terrorism legislation. the new laws give prosecutors...
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as a ult are result bp shares jumped today. eamon javers has more. >> r officials announced the news on thursday a record-breg settlement with bp that would end years of litigati in the wake of the 2010 deepwater horiz oil spill. it will be split among the gulf coast states with louisiana getting the largest share at $6.8 billion. all of that money will go to environml restoration and economic recovery. the settlement clears out the majority of pending lawsuits at the state and local level. and much of it will be tax de de for bp. >> we think this is going to help our state recover and move on. the last thing that we wanted was to be tied up again in a black hole of litigation that could have gone 15 20 30 years that perhaps our grandchildren wo seen the results of. >> for its pa bp says the company is happy to put the mess in the past. the settlement resolves the company's largest remaining legal exposures, provides clarity on costs and creates certainty of payment for all parties involved. this deal will still have to go thro
as a ult are result bp shares jumped today. eamon javers has more. >> r officials announced the news on thursday a record-breg settlement with bp that would end years of litigati in the wake of the 2010 deepwater horiz oil spill. it will be split among the gulf coast states with louisiana getting the largest share at $6.8 billion. all of that money will go to environml restoration and economic recovery. the settlement clears out the majority of pending lawsuits at the state and local...
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the price of bp shares is up
the price of bp shares is up
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in terms of bp, that is an interesting one.s been generally accepted so far that it's rather too much of a buy. having said that, the latest settlement takes away a great deal of legal uncertainties which could put them back into play, whether they want to come out of the gulf of mexico and go straight into acquisition -- it's less likely. caroline: in terms of the earnings bright spots when you are suddenly confronted with a barrage of numbers that will land on our plate, what do you think is going to be the key dictator? willoughby all about the dividend? richard: i think that will be the main headline. clearly on a quarter by quarter basis there shouldn't be too many shocks. that kind of discipline, the ability to maintain it it is a major attraction for those two stocks. particularly where we are in terms of interest rates. the ceos are being insistent that they will maintain that dividend. caroline: there is still a buy? our question of the day -- are commodities a bio resell -- a bu y or a sell. richard: as with any inves
in terms of bp, that is an interesting one.s been generally accepted so far that it's rather too much of a buy. having said that, the latest settlement takes away a great deal of legal uncertainties which could put them back into play, whether they want to come out of the gulf of mexico and go straight into acquisition -- it's less likely. caroline: in terms of the earnings bright spots when you are suddenly confronted with a barrage of numbers that will land on our plate, what do you think is...
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cracks -- >> civil cases are pending and shareholders can try to go after bp. regarding this settlement, it will get the ok by the u.s. court. it is not a 100% done deal and looks like the biggest part might be done for bp. ben: a huge sums spent on sending the case to the announcement for art. it international market is bubbling over with works by big-name artists selling up breathtaking price. they totaled over $2 billion and in recent weeks, somebody says it is three quarters of a billion dollars in london. establishing the british capital. >> it was the one dollar silver certificate that went for over $32 million. it is one of a series of dollar themed paintings. 70's had been expecting up to $28 million for it. not every work of art made it big. the francis bacon study for a pope they thought would sell up to $54 million that art buyers did not agree and it went unsold when it failed to reach its reserve price. >> it was not the night for painting, unfortunately. not to say they didn't have a phenomenal night. the portrait sold for 15.3 million pounds. >>'
cracks -- >> civil cases are pending and shareholders can try to go after bp. regarding this settlement, it will get the ok by the u.s. court. it is not a 100% done deal and looks like the biggest part might be done for bp. ben: a huge sums spent on sending the case to the announcement for art. it international market is bubbling over with works by big-name artists selling up breathtaking price. they totaled over $2 billion and in recent weeks, somebody says it is three quarters of a...
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cracks -- >> civil cases are pending and shareholders can try to go after bp. regarding this settlement, it will get the ok by the u.s. court. it is not a 100% done deal and looks like the biggest part might be done for bp. ben: a huge sums spent on sending the case to the announcement for art. it international market is bubbling over with works by big-name artists selling up breathtaking price. they totaled over $2 billion and in recent weeks, somebody says it is three quarters of a billion dollars in london. establishing the british capital. >> it was the one dollar silver certificate that went for over $32 million. it is one of a series of dollar themed paintings. 70's had been expecting up to $28 million for it. not every work of art made it big. the francis bacon study for a pope they thought would sell up to $54 million that art buyers did not agree and it went unsold when it failed to reach its reserve price. >> it was not the night for painting, unfortunately. not to say they didn't have a phenomenal night. the portrait sold for 15.3 million pounds. >>'
cracks -- >> civil cases are pending and shareholders can try to go after bp. regarding this settlement, it will get the ok by the u.s. court. it is not a 100% done deal and looks like the biggest part might be done for bp. ben: a huge sums spent on sending the case to the announcement for art. it international market is bubbling over with works by big-name artists selling up breathtaking price. they totaled over $2 billion and in recent weeks, somebody says it is three quarters of a...
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francine: the slump hits bp. output rises. manus: a secret recording of merges as jan is varoufakis reveals details of his secret exit plan. francine: u.k. growth figures are set to show the economy bounce back after a week start to the year. we get the q2 gdp data. ♪ francine: welcome to "the pulse." i am francine lacqua. manus: i am manus cranny. we have a pack our. -- we had a packed hour. the world's largest maker of eyewear. we are going to be talking to the ceo. keep it here. manus: the extended slump in crude oil prices. bp announcing a fall and profit for the second quarter. the adjusted figure dropped from 3.6 billion euro -- $3.6 billion a year ago. manus: gas producer beat estimates, but that income was down to 7.2 billion. the companies president told brutal bloomberg -- told bloomberg there is more to come. >> what you can expect and short-term you see more supply then demand in the market out there. pressure on the oil price. that is the situation that will remain for some time. we have indicated that by 2018, we
francine: the slump hits bp. output rises. manus: a secret recording of merges as jan is varoufakis reveals details of his secret exit plan. francine: u.k. growth figures are set to show the economy bounce back after a week start to the year. we get the q2 gdp data. ♪ francine: welcome to "the pulse." i am francine lacqua. manus: i am manus cranny. we have a pack our. -- we had a packed hour. the world's largest maker of eyewear. we are going to be talking to the ceo. keep it here....
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now 25,000 mexican fishermen are suing bp in a u.s. court, asking for $50,000 each.rst lawsuit against the british company by someone outside of the united states. >> translator: we're asking the judge to treat us the same. we feel they are giving priority to those affected in the united states. >> reporter: bp refused to comment on the case but fisher mepranum say there is evidence everywhere. >> translator: we have seen dead fish turtles, and dolphins with oil all on their insides. >> reporter: the fisher mohamed bin nayef have long shared these waters with mexico's national oil company. they admit there has been contamination before but they say they never affected their catch. until recentingly fishermen say these waters were so rich that they could go out for a couple of hours and bring back a ton offer fish but now some don't even bother to go out at all. this is one who stays on shore most days. his wife asks him every day if he has caught anything or brought home food? >> translator: she gets upset and says what is wrong? we're not going to either what? as mu
now 25,000 mexican fishermen are suing bp in a u.s. court, asking for $50,000 each.rst lawsuit against the british company by someone outside of the united states. >> translator: we're asking the judge to treat us the same. we feel they are giving priority to those affected in the united states. >> reporter: bp refused to comment on the case but fisher mepranum say there is evidence everywhere. >> translator: we have seen dead fish turtles, and dolphins with oil all on their...
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. >>> british oil giant bp agrees to pay almost $19 billion for the 2010 mexico oil spill. >>> and theay of defiance we meet the women risking arrest to promote gay rights in china. ♪ >>> first to egypt where the muslim brotherhood is calling for a revolt. security forces killed 13 muslim brotherhood leaders in a cairo apartment on wednesday. the victims families say they were unarmed and were killed after being arrested. omar reports. >> reporter: as the dead were taken from this morgue in cairo, the families say their loved ones were killed in cold blood. they say they had been taken in to custody earlier in the day. >> translator: they fingerprinted them when they were alive. they were arrested alive, and got killed later. they were hit in the head chest, and side with multiple bullets. >> reporter: the egyptian government says tlaerds were killed during the raid because they were fugitives plotting terror attacks. the muslim brotherhood denies the accusation. >> translator: i blame the killing on sisi and everyone who authorized and supported him. i hope they taste the same by losi
. >>> british oil giant bp agrees to pay almost $19 billion for the 2010 mexico oil spill. >>> and theay of defiance we meet the women risking arrest to promote gay rights in china. ♪ >>> first to egypt where the muslim brotherhood is calling for a revolt. security forces killed 13 muslim brotherhood leaders in a cairo apartment on wednesday. the victims families say they were unarmed and were killed after being arrested. omar reports. >> reporter: as the dead...
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the payout is 54% more than bp's profits last year and will be distributed over the next 18 years.hat's nearly $215 million for each of the 87 days oil gushed into the gulf of mexico. this agreement settles claims with 400 local communities, but in especially hard hit plaquemines parish in louisiana local politicians say the deal is not enough. >> what we're doing is making sure that the future generations in plaquemines parish are being justly compensated. >> reporter: at p & j oyster company in new orleans, a 139-year-old institution, today only enough oysters for two shuckers on the line. this is what it looked like before the impact of the oil spill. >> who would have thought five years ago we wouldn't have oysters enough to sell to provide to the customers that we had? you know, who would have thought that the public oyster grounds east of the mississippi river would be non-productive to this day? >> reporter: bp officials said today that this agreement will pay a significant amount of money for the restoration of natural resources. this agreement, this settlement is in additi
the payout is 54% more than bp's profits last year and will be distributed over the next 18 years.hat's nearly $215 million for each of the 87 days oil gushed into the gulf of mexico. this agreement settles claims with 400 local communities, but in especially hard hit plaquemines parish in louisiana local politicians say the deal is not enough. >> what we're doing is making sure that the future generations in plaquemines parish are being justly compensated. >> reporter: at p & j...
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this settlement comes after a change in strategy from bp. fighting claims in court for the past two years. the impact of falling oil prices has federal judges putting a potential $13.7 billion price tag on clean water act violations, basically motivating bp to change tactics. jonathan: a lot of people will have this stock in their pensions. they will be asking, could cost the higher? what is the answer to that? nejra: great question. i'm afraid they could be. the settlement is going to cost bp more than $20 million when other payments are factored in. then, it also comes on top of billions already spent on response, cleanup, and compensation, pushing bp to raise its budget to $53.8 billion. even that may not be enough. one lawyer said the cost could reach $70 billion. we've also got investors, residents, and businesses that didn't join a 2012 settlement still demanding billions. the reason investors are feeling better is that the biggest threat seems to be gone. jonathan: thank you. bp having the biggest two-day pop since february this year.
this settlement comes after a change in strategy from bp. fighting claims in court for the past two years. the impact of falling oil prices has federal judges putting a potential $13.7 billion price tag on clean water act violations, basically motivating bp to change tactics. jonathan: a lot of people will have this stock in their pensions. they will be asking, could cost the higher? what is the answer to that? nejra: great question. i'm afraid they could be. the settlement is going to cost bp...
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government the company says cost associated with the spill now exceeded $40 billion and shares in bphen news of the settlement was made public and scientists are unclear of the effects of a massive oil spill and may not be known for years but hope the money helps the states along the coast bounce back. >>> pressing for international tribunal of last year's shooting down of airliner and crashed in ukraine killing 198 passengers and crew and government and western countries accuse separatist rebels of shooting the liner down with a russian-made missile. in the philippines divers searching the wreckage of a capsized ferry hoping survivors may be alive at least 38 died and 15 are missing and feared down after thursday's disaster on the island and gerald tan has more. >> reporter: 187 people were on board the ferry when it capsized. survivors say it happened suddenly, minutes after undocking. >> translator: i was with my mother-in-law and her broth up stairs when it sank. i do not know what happened below the deck. >> reporter: many of the passengers were rescued by the coast guard and lo
government the company says cost associated with the spill now exceeded $40 billion and shares in bphen news of the settlement was made public and scientists are unclear of the effects of a massive oil spill and may not be known for years but hope the money helps the states along the coast bounce back. >>> pressing for international tribunal of last year's shooting down of airliner and crashed in ukraine killing 198 passengers and crew and government and western countries accuse...
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bp just lost its appeal to the supreme court.y tried to make the case that it was faulty equipment that belongs to another company that was responsible for the disaster. and florida's attorney general praised bp for paying up right now instead of going further on in a court battle. >> the last thing that we wanted was to be tied up again in a black hole of litigation that could have gone 15, 20, 30 years, that perhaps our grandchildren would have seen the results of. >> reporter: that was $18 billion in payments to the five states. it will take place over the next 18 years and some of them will be tax deductible. >> louisiana got the worth but florida's tourism industry took a big hit. >> reporter: it wasn't the oil as much as the perception of oil coming to florida especially the panhandle. the giant-likes of holy on the white beaches never materialeesed but people were so fright ended they would the tourism industry took a huge hit. so florida is getting $3.25 billion but much of the money is for the economic damage that really
bp just lost its appeal to the supreme court.y tried to make the case that it was faulty equipment that belongs to another company that was responsible for the disaster. and florida's attorney general praised bp for paying up right now instead of going further on in a court battle. >> the last thing that we wanted was to be tied up again in a black hole of litigation that could have gone 15, 20, 30 years, that perhaps our grandchildren would have seen the results of. >> reporter:...
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Jul 3, 2015
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a judge found that bp was nement in the handing of the well. and the country agreed to pay a fine of $18 billion. >> instead of battling through a litigation black hole. we have forged ahead with an agreement to spur hope and recovery for our region. the money will be divided among the states of texas and florida and louisiana. it sends a message, enabling the states to begin important restoration work. >> if the money comes out to restore the coast, that is less damage that we have to mun now is worth more than money in 10 years. the money will be paid out, and ends bps case with the u.s. government. costs associate with the spill exceeded $40 billion, shares were up when news of the settlement were made public. >> scientists were unsure of long-term effects of an oil spill. it may not be known for years. it's hoped that it will bounce back. >>> more to come on al jazeera. stepping on to a sandy beech in europe. a report from greece where migrants are arriving night after night. >> and as the island of cuba opens up politically and economicall
a judge found that bp was nement in the handing of the well. and the country agreed to pay a fine of $18 billion. >> instead of battling through a litigation black hole. we have forged ahead with an agreement to spur hope and recovery for our region. the money will be divided among the states of texas and florida and louisiana. it sends a message, enabling the states to begin important restoration work. >> if the money comes out to restore the coast, that is less damage that we have...
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, which means thanks to the deep water horizon spill, bp would basically seize to exist.o yesterday, we didn't know what that press conference was going to be, now you know more. thank you, nick. le a claim, please state your name. carnie wilson. thank you. can you hold on? ♪ hold on for one more day ♪ really? hey, i know there's pain. why do you lock yourself up in these chains? ♪ ♪ this would be so easy if you had progressive. our mobile app would let you file a claim and help you find one of our service centers where we manage the entire repair process. things will go your way if you hold on. [ sighs ] someday somebody's gonna make you wanna turn around and say goodbye. ♪ say goodbye ♪ no, you just made it weird. >>> i have covered a lot of disasters and crashes and spills of dangerous things but before today, i can never remember covering one that required detailed local reporting on kids for cyanide gas. a serious situation unfolding, still burning tonight in one state. that story next. [ female announcer ] when you're serious about fighting wrinkles, turn to roc® re
, which means thanks to the deep water horizon spill, bp would basically seize to exist.o yesterday, we didn't know what that press conference was going to be, now you know more. thank you, nick. le a claim, please state your name. carnie wilson. thank you. can you hold on? ♪ hold on for one more day ♪ really? hey, i know there's pain. why do you lock yourself up in these chains? ♪ ♪ this would be so easy if you had progressive. our mobile app would let you file a claim and help you...
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Jul 29, 2015
07/15
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BLOOMBERG
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bp has it legacy issues in the gulf of mexico. is it just that total is focused on the cost-cutting more than the others? paolo: certainly, the focus on cost-cutting is very strong in total. second growth and production. nobody has been growing 12%. this is phenomenal growth in the industry. maybe in countries like angola where the cost of production is lower than elsewhere. manus: in terms of capital expenditure, we've got this story, $200 billion has been cut. is there more to come or have we seen the worst of it? paolo: there is more to come, i believe. my view is that oil prices are going to stay low for a long time. certainly for the rest of this decade, i'm not expecting oil prices to go beyond $70. manus: $40 to $70 for the next decade? paolo: it should be lower than that. why not go back there? certainly, apart from geopolitical reasons which are always difficult to forecast the commercial reasons show oil prices going down rather than up. this is why i'm fairly pessimistic on oil prices. manus: one of the things that came
bp has it legacy issues in the gulf of mexico. is it just that total is focused on the cost-cutting more than the others? paolo: certainly, the focus on cost-cutting is very strong in total. second growth and production. nobody has been growing 12%. this is phenomenal growth in the industry. maybe in countries like angola where the cost of production is lower than elsewhere. manus: in terms of capital expenditure, we've got this story, $200 billion has been cut. is there more to come or have we...
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Jul 28, 2015
07/15
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best of luck. ♪ francine: the slump hits bp. output rises.secret recording of merges as jan is varoufakis reveals details of his secret exit plan. francine: u.k. growth figures are set to show the economy bounce back after a week start to the year. we get the q2 gdp data. ♪ francine: welcome to "the pulse."
best of luck. ♪ francine: the slump hits bp. output rises.secret recording of merges as jan is varoufakis reveals details of his secret exit plan. francine: u.k. growth figures are set to show the economy bounce back after a week start to the year. we get the q2 gdp data. ♪ francine: welcome to "the pulse."
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Jul 2, 2015
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bp themselves say these fines are manageable over the next 20 years or so. you only have to look at the share price on the market today, up by 5% and still rising. environmental groups reacting saying this sends a strong message to oil companies to explore oil deep water oil in the gulf of mexico that this kind of behavior will simply not be tolerated. >> warnings that greece will need another 50 billion euros over the next three years to stabilize its finances. the prime minister has been trying to reassure the public and says he expects there to be a new bailout deal with international creditors within 48 hours of the referendum. that's unlikely to bring as much relief for those struggling with a cash crunch. >>reporter: gasping for air, greece is being strangled by a standoff with international lenders that's forced banks to close leaving people struggling to meet their daily needs. in this economy, no one's giving credit. cash is king. and it's never been so scarce. there are lots of people here the fish seller explains but few are buying. they cannot af
bp themselves say these fines are manageable over the next 20 years or so. you only have to look at the share price on the market today, up by 5% and still rising. environmental groups reacting saying this sends a strong message to oil companies to explore oil deep water oil in the gulf of mexico that this kind of behavior will simply not be tolerated. >> warnings that greece will need another 50 billion euros over the next three years to stabilize its finances. the prime minister has...
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. >>> and $18 billion, bp finally settles with gulf states over the deep water horizon disaster. ♪ >>this is al jazeera america, live from new york city. i'm stephanie sy. an update to the developing news we have been bringing you this morning. police have given the all clear at the washington navy yard after earlier reports of gunfire and a possible shooter. you are looking live in the nation's capitol right now. police say there is no evidence of a shooting no arrests have been made and no weapons found. we're expecting a news conference on what happened in about 15 minutes, and we will bring that to you when it happens. mass evacuations in tennessee this mourning after a freight train derailed and caught on fire. 5,000 residents started their day in shelters after the train went off of the tracks. it was carrying highly flammable and toxic gas. several police officers were sent to the hospital because of fumes. homes and businesses were evacuated in a two-mile radius around the accident. >> we were asleep and police knocked on the door and said they would like to evacuate us becaus
. >>> and $18 billion, bp finally settles with gulf states over the deep water horizon disaster. ♪ >>this is al jazeera america, live from new york city. i'm stephanie sy. an update to the developing news we have been bringing you this morning. police have given the all clear at the washington navy yard after earlier reports of gunfire and a possible shooter. you are looking live in the nation's capitol right now. police say there is no evidence of a shooting no arrests have...
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Jul 3, 2015
07/15
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this has been a bit of a change in tactics for bp because we know that bp has been fighting claims inrs but according to people familiar, as several judges recent rulings that put a potential $30.7 billion price tag on clean water act violations, kind of helped bp get motivated to change its tactics. as they come to the settlement a lot of which could be tax-deductible. anna: could this number change? at the end of the day? reporter: it is not so much that the settlement might be a different number of basically when you factor in other payments, that could push it to $20 billion and also this comes on top of the billions already spent on response, cleanup, compensation, pushing bp to raise its budget to pay for this bills. that may still not be enough. the cost could reach $70 billion. then we are talking about the biggest cost. you have investors and resident businesses that did not join a smaller 2012 settlement and they are still demanding billionths. -- billions. anna: are you playing the oil price at the moment? are you interested in the oil majors? guest: we are short a call opt
this has been a bit of a change in tactics for bp because we know that bp has been fighting claims inrs but according to people familiar, as several judges recent rulings that put a potential $30.7 billion price tag on clean water act violations, kind of helped bp get motivated to change its tactics. as they come to the settlement a lot of which could be tax-deductible. anna: could this number change? at the end of the day? reporter: it is not so much that the settlement might be a different...
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. >> thethere could be trouble for bp bp. >> and in sport the colombian signing of falcao. >> now one person has been killed in clashes between protesters and egyptian police. a rally had been organized marking two years since the military coup that toppleed former president mohamed morsi. they were calling for people to join them in denouncing the take over. go well, members of the egyptian anti-coup alliance opposition are meeting in london. >> egypt's anti-could you alliance and opposition parties are calling for the u.n. to investigate the. meeting in london several opposition leaders are calling on the world to intervene. >> we call for investigation by the united nations and human rights organizations. into the extra judicial killings that have recently taken place as well as the early massacres that have taken place. >> a member of the freedom and justice party has this to say. >> cairo is turning into a battleground. they're aiming for the same destiny as iraq and syria. >> it's been two years since president fattah el-sisi led the coup against mohamed morsi of the muslim brot
. >> thethere could be trouble for bp bp. >> and in sport the colombian signing of falcao. >> now one person has been killed in clashes between protesters and egyptian police. a rally had been organized marking two years since the military coup that toppleed former president mohamed morsi. they were calling for people to join them in denouncing the take over. go well, members of the egyptian anti-coup alliance opposition are meeting in london. >> egypt's anti-could you...
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, which means thanks to the deep water horizon spill, bp would basically seize to exist.y, we didn't know what that press conference was going to be, now you know more. thank you, nick. clinically proven to help minimize blood sugar spikes. so you stay steady ahead. watch as these magnificent creatures take flight, soaring away from home towards the promise of a better existence. but these birds are suffering. because this better place turned out to have an unreliable cell phone network and the videos on their little bird phones kept buffering. birds hate that. so they came back home. because they get $300 for switching back to verizon. and so can you! verizon, come home to the best network. thanks for calling angie's list. how may i help you? i heard i could call angie's list if i needed work done around my house at a fair price. you heard right, just tell us what you need done and we'll find a top rated provider to take care of it. so i could get a faulty light switch fixed? yup! or have a guy refinish my floors? absolutely! or send someone out to groom my pookie? pooki
, which means thanks to the deep water horizon spill, bp would basically seize to exist.y, we didn't know what that press conference was going to be, now you know more. thank you, nick. clinically proven to help minimize blood sugar spikes. so you stay steady ahead. watch as these magnificent creatures take flight, soaring away from home towards the promise of a better existence. but these birds are suffering. because this better place turned out to have an unreliable cell phone network and the...
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Jul 3, 2015
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which means thanks to the deep water horizon spill, bp would basically seize to exist.yesterday, we didn't know what that press conference was going to be, now you know more. thank you, nick. adder? try always discreet. up to 40% thinner, for superior comfort. absorbs 2x more than you may need. no wonder more women prefer always discreet pads over poise. visit alwaysdiscreet.com for coupons and to learn more. watch as these magnificent creatures take flight, soaring away from home towards the promise of a better existence. but these birds are suffering. because this better place turned out to have an unreliable cell phone network and the videos on their little bird phones kept buffering. birds hate that. so they came back home. because they get $300 for switching back to verizon. and so can you! verizon, come home to the best network. working on my feet all day gave me pain here. in my lower back but now, i step on this machine and get my number which matches my dr. scholl's custom fit orthotic inserts. now i get immediate relief from my foot pain. my lower back pain. f
which means thanks to the deep water horizon spill, bp would basically seize to exist.yesterday, we didn't know what that press conference was going to be, now you know more. thank you, nick. adder? try always discreet. up to 40% thinner, for superior comfort. absorbs 2x more than you may need. no wonder more women prefer always discreet pads over poise. visit alwaysdiscreet.com for coupons and to learn more. watch as these magnificent creatures take flight, soaring away from home towards the...
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Jul 2, 2015
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coming up the historic settle settlement for bp. this is five years after the disastrous oil spill. >>> the british oil giant agreed to pay $19 billion in settlement. we'll have more on where that money's headed next. >>> and a continuing backlash over the confederate flag we're just discussing that. nascar telling fans ahead of this weekend's daytona 500, keep your flag at home. that's next as well. [ male announcer ] take zzzquil and sleep like... the kids went to nana's house... for the whole weekend! [ snoring ] [ male announcer ] zzzquil, the non habit forming sleep aid that helps you sleep easily and wake refreshed. because sleep is a beautiful thing. watch as these magnificent creatures take flight, soaring away from home towards the promise of a better existence. but these birds are suffering. because this better place turned out to have an unreliable cell phone network and the videos on their little bird phones kept buffering. birds hate that. so they came back home. because they get $300 for switching back to verizon. and
coming up the historic settle settlement for bp. this is five years after the disastrous oil spill. >>> the british oil giant agreed to pay $19 billion in settlement. we'll have more on where that money's headed next. >>> and a continuing backlash over the confederate flag we're just discussing that. nascar telling fans ahead of this weekend's daytona 500, keep your flag at home. that's next as well. [ male announcer ] take zzzquil and sleep like... the kids went to nana's...
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Jul 2, 2015
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the judge determined bp was liable for the spill under the u.s.an water act and the disaster was the result of gross negligence. he has put the maximum fine at $13.7 billion. on monday the u.s. supreme court refused to hear an appeal on the maximum amount. clearing the way for the judge to make his final decision. the new orleans times reports today's announcement could include money for coastal restoration efforts. that would include billions of dollars to be used under the oil pollution act to restore damage to fish and wildlife and opportunities. officials told environmental groups the state expects to receive up to $8 billion as it's share of the clean water act fines and damage resource payments. >> thank you very much. now the justice department is suing to block electrolux from buying ge's appliance business saying the $3.3 billion deal will hurt competition. the goal remains to close the sale by the end of the year. electrolux has been negotiating for months to save the deal and it's prepared to fight the lawsuit in court. let's see price
the judge determined bp was liable for the spill under the u.s.an water act and the disaster was the result of gross negligence. he has put the maximum fine at $13.7 billion. on monday the u.s. supreme court refused to hear an appeal on the maximum amount. clearing the way for the judge to make his final decision. the new orleans times reports today's announcement could include money for coastal restoration efforts. that would include billions of dollars to be used under the oil pollution act...
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Jul 3, 2015
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after the bp oil spill, the price to a community and a very big deal >>> later, ageing out - they paidir debt to society, how to find their way back >>> and new on "america tonight"s website now, the courageous 12, an insiders look at the fight for justice behind the walls of a florida police department at aljazeera.com/americatonight. >>> we fast-forward to what is next on the horizonan, five years after the deep water horizon rig exploded, killing 11 and dumping more than 200 gallons into the gulf waters, the worst oil spill in u.s. history. as michael oku found, there's deep concern about what lies beneath the service. >> reporter: what kind of fish are you catching? >> puppy drones, drones, red fish, floupder - all kinds. >> reporter: teresa and donald are members of the point ocean indian tribe, a community tucked deep in the wet lpd of southern louisiana. for more than 40 years the water put food on the table and money in the bank account. >> what would you guys do if you were not living off the water? >> what would we do? >> yes. >> i don't know. >> reporter: you never considere
after the bp oil spill, the price to a community and a very big deal >>> later, ageing out - they paidir debt to society, how to find their way back >>> and new on "america tonight"s website now, the courageous 12, an insiders look at the fight for justice behind the walls of a florida police department at aljazeera.com/americatonight. >>> we fast-forward to what is next on the horizonan, five years after the deep water horizon rig exploded, killing 11 and...
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Jul 28, 2015
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bp and its volatility. earnings take a huge hit after it pays penalties related to the oil spill in the gulf of mexico. >>> the company's outlook misses analysts' views. shares of the chinese internet nosediving after hours. >>> twitter, the temporary ceo jack dorsey under pressure as user growth could fall short again. it was an ugly day on wall street yesterday with the dow, s&p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. keep in mind of the companies who have reported earnings, 76% have reported its above the mean estimate. taking a look at futures, we're in for a potential rebound. the dow up about 17 points in premarket trade. if you take a look at the u.s. close, yes, i as i just told you stocks ending lower on monday. the dow jones at 17,440. the s&p 500 dipping below its two-day moving average. not a great sign for technicals about 0.6% and the dmakz which has been powered by four main stocks, some of those momentum and high growth stocks coming off their high os testify d
bp and its volatility. earnings take a huge hit after it pays penalties related to the oil spill in the gulf of mexico. >>> the company's outlook misses analysts' views. shares of the chinese internet nosediving after hours. >>> twitter, the temporary ceo jack dorsey under pressure as user growth could fall short again. it was an ugly day on wall street yesterday with the dow, s&p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. keep in mind of the...
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Jul 3, 2015
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after the bp oil spill, the price to a community and a very big deal >>> later, ageing out - they paidir debt to society, how to find their way back >>> and new on "america tonight"s website now, the courageous 12, an insiders look at the fight for justice behind the walls of a florida police department at aljazeera.com/americatonight. >> as greece plunges deeper into financial crisis. >> greece's choice, a bad deal... and no deal. >> world markets react. >> it's a grim picture. >> the consequences could be catastrophic. >> for continuing global coverage, stay with al jazeera america. >> on al jazeera america >> technology...it's a vital part of who we are... >>they had some dynamic fire behavior... >> and what we do... don't try this at home! >> tech know where technology meets humanity... only on al jazeera america >>> we fast-forward to what is next on the horizonan, five years after the deep water horizon rig exploded, killing 11 and dumping more than 200 gallons into the gulf waters, the worst oil spill in u.s. history. as michael oku found, there's deep concern about what lies be
after the bp oil spill, the price to a community and a very big deal >>> later, ageing out - they paidir debt to society, how to find their way back >>> and new on "america tonight"s website now, the courageous 12, an insiders look at the fight for justice behind the walls of a florida police department at aljazeera.com/americatonight. >> as greece plunges deeper into financial crisis. >> greece's choice, a bad deal... and no deal. >> world markets...
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Jul 25, 2015
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bp snapped up amaco and arco exxon acquired mobil.vron purchased texaco in 2001 and unocal in 2005. now, it is one of the world's most profitable companies, with earnings of $20 billion year and a market cap of $200 billion. there is a lot that chevron shares with other major producers beyond profits and a standard oil ancestry. it is frequently the target of protests over climate change, environmental damage, and human rights violations in developing countries. [chanting] >> chevron, guilty. erik: there is even an international anti-chevron day. chevron ranks up there among the top spenders on government lobbying, raising concerns about the influence it wields over politicians and regulators. what divides chevron and the rest of the pack is strategy. >> they did a lot better than their peers. they made a bet on oil, not natural gas. exxon and royal dutch, for example, made huge bets on natural gas, which, unfortunately for them, has not lived up to its reputation. chevron, on the other hand, made a bet on oil, and it has worked in th
bp snapped up amaco and arco exxon acquired mobil.vron purchased texaco in 2001 and unocal in 2005. now, it is one of the world's most profitable companies, with earnings of $20 billion year and a market cap of $200 billion. there is a lot that chevron shares with other major producers beyond profits and a standard oil ancestry. it is frequently the target of protests over climate change, environmental damage, and human rights violations in developing countries. [chanting] >> chevron,...