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BP Plc (BP/) investors claiming as much as$2.5 billion in market losses caused by companymisrepresentations about the severity of the 2010 oil spill willmake their case to a jury next May 18, a judge ruled today.

The investors, led by the pension funds of New York andOhio, claim the company inflated share prices by downplaying thesize of the spill in the weeks after the blowout of BP’s Macondowell in the Gulf of Mexico.

Published in BP Oil Spill

After Hurricane Katrina devastated New Orleans, flooding more than 80% of the city, MSNBC host Chris Matthews asked me, Why should a guy driving a cab up in Detroit care about rebuilding New Orleans? I said that an American tragedy requires an American response.

This is the same reason why someone in New Orleans should care about Detroit and its struggles.

Published in Katrina Anniversary
BP

BP's Whiting Refinery is seen along the shore of Lake Michigan on Tuesday, March 25, 2014, in Whiting, Ind. BP says it is assessing how much crude oil entered Lake Michigan following a malfunction at its northwestern Indiana refinery. (AP Photo/The Times, Kyle Telechan)

The EPA says the clean-up of an oil spill near the BP refinery in Whiting is over.

Published in BP Oil Spill

CROWN POINT, Ind. - Although the Coast Guard said it didn't find any more oil in Lake Michigan after a recent BP-refinery spill, a lake surveyor is demanding data from BP in order to figure out whether the oil reached a nearby drinking-water supplier's source.

A British Petroleum (BP) refinery in Whiting, Ind., had a malfunction March 24, discharging oil into Lake Michigan.

Published in BP Oil Spill

bloodMichigan is a state known for strong labor unions and the thuggish tactics of powerful bosses.

 

Published in Latest Buzz

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