Democrats are vowing this fund will be tightly crafted and used only for oil-spill payments.
But it has not altogether mishandled its management of the oil-spill crisis.
"We don't want the cure to be worse than the disease, " said Glenn Plumb, a National Park Service official involved in the oil-spill response.
While it was being towed, the Kulluk was accompanied by a Coast Guard cutter and two oil-spill response ships, the incident response team said.
The company, which is based for tax purposes in Zug, Switzerland but also incorporated in Delaware, has maintained its liability is limited under a federal oil-spill law as well as an indemnification from BP.
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On Wednesday, Canada will take over the council chairmanship in a meeting that will include signing a treaty on oil-spill preparedness and response as well as the decision on whether to increase the roster of permanent observers, with India, Japan, Italy and the European Union joining China and others on the list.
For its first three-year phase, the Panel expects to spending the first year consulting, observing and reviewing in order to develop a set of recommendations for biodiversity-responsible oil spill clean-up.
The NTSB staff concluded that if the required oil spill-response plan had been thoroughly reviewed before the leak, it would not have been approved.
And when the unexpected has happened -- like the Gulf oil spill or Hurricane Sandy -- he has been on the ground making sure that people get help right away and we deal with these challenges as professionally as possible.
Can you think of a more hated international oil company post-Gulf of Mexico oil spill than BP?
The fact is that adaptations of the V-22 have virtually unlimited potential to improve interurban air transport, short-haul commercial delivery, oil spill containment, forest fire-fighting, emergency relief delivery, and a host of other functions.
That incident led to the largest-ever oil spill in U.S. waters and the loss of 11 lives.
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This marked the latest mass release of turtles since about 500 were rescued in the weeks and months after the massive months-long oil spill.
The area where the oil was found lies over 248 miles off the coast of New Orleans and is one of the newest discoveries in the Gulf since it opened for business again in March, post-BP oil spill of 2010.
Setting aside emotions associated with the recent Deepwater Horizon fatal accident, and the uncertainties associated with the social, political, legal and economic ramifications of the still-gushing oil spill in the Gulf of Mexico, what is a potentially fair value for BP?
Oil prices spiked in 2006, when an oil spill in a BP-operated Alaskan field briefly threatened to cut off half of the state's production for months.
Earlier in the briefing in talking about the oil spill, you had said -- about the volume of the spill, you had said there are certainly many reasons to find out the degree to which that is happening.
The series, "Dilbit Disaster: Inside the Biggest Oil Spill You've Never Heard Of, " kicked off last July with a three-part narrative about the oil spill and the environmental impacts of a type of oil called diluted bitumen, or dilbit.
The geophysicist, who has worked for Conoco and Exxon, said the kick during drilling in 2009 - a year before the spill - was evidence of gas or oil intrusion.
The Oil Spill Liability Trust Fund ensures that there are sufficient resources available to pay for clean-up and damages associated with an oil spill.
As the ship moves through a spill, the oil-impregnated wool will be gathered mechanically up ramps and taken into the ship.
Apart from the political fall-out from the oil spill, there are other, financial, reasons why there has been such an acrimonious row over who is to blame.
"Every eight months, nearly 11 million gallons of oil run off our streets and driveways into our waters -- the equivalent of the Exxon Valdez oil spill, " the report says.
Last year BP agreed to pay compensation to around 100, 000 people and companies - including fishermen and restaurant owners - who claimed the oil spill had harmed their livelihoods or their health.
And because of the spill -- even in places where oil didn't necessarily wash ashore have, because of the environment around the spill, seen a huge contraction in their own business.
Walking to the beach, blobs of rust-colored oil glisten from the Gulf spill.
And we will continue to rely on sound science, carefully monitoring waters and coastlines as well as the health of the people along the Gulf, to deal with any long-term effects of the oil spill.
The satellite will have a number of viewing modes that will enable it to perform a wide range of roles, from flood monitoring and land cover classification to disaster mapping and maritime enforcement - notably ship tracking and oil spill detection.
And what happened after this historically serious oil spill was that the administration -- this administration insisted that before we grant permits for more deepwater drilling that industry demonstrate its capacity to contain a spill like the one we saw in the Gulf.
After the Deep Horizon oil spill, Salazar put a six-month delay on an offshore drilling program.
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