This is a couple days old, but given the attention we paid last year to the BP oil disaster, I couldn’t let it slip by. From the Telegraph (UK): The lawyer in charge of BP’s $20bn (£12bn) compensation fund is starting to wind down his operations in the Gulf Coast with just a fifth of [...]

Robert Menendez plans to reintroduce his bill, the Big Oil Bailout Prevention Act, that would lift the $75 million liability cap on oil company damages in the event of oil spills. “The commission is clear: Not only are more spills of this magnitude entirely possible, but taxpayers and coastal communities remain financially exposed,” said Menendez [...]

The Presidential Oil Spill Commission has released their final report on the BP disaster in the Gulf of Mexico. The essential conclusion, if you don’t have the time to read the whole 396-page report, was this: The blowout was not the product of a series of aberrational decisions made by rogue industry or government officials [...]