BP agrees that Deepwater Horizon oil spill is an ‘environmental catastrophe’
This morning my breaking news alerts include the following:
BP’s top official upgrades impact of Gulf oil spill from “very modest” to “environmental catastrophe.”
That’s from CNN where they are quoting BP’s CEO. I think we’ve effectively reached ‘No Shit Sherlock Friday’ mode.
Of course, according to the AP, BP announced in a regulatory filing today that they’ve already spent $930 million on responding to the oil spill that occurred when Transocean’s Deepwater Horizon drilling platform, leased by BP, exploded, sank, and ruptured its oil well in the process, spewing enormous amounts of crude into the Gulf of Mexico. Maybe that’s why they’re ready to announce it’s a catastrophe.