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BP reimburses government for $72.7 million

By Ed O'Keefe

BP has reimbursed the federal government for $72.7 million in cleanup costs associated with the April 20 oil spill, the full amount requested so far by the Coast Guard and federal and state agencies, according to documents obtained by a Senate subcommittee.

The Coast Guard sent a bill on May 27 for $1.8 million to BP, Transocean, Anadarko and MOEX -- the four owners of the Deepwater Horizon oil rig. The companies received another invoice totaling $69 million on June 2. Wire transfers show BP paid the first bill on June 1 and the second amount on June 11.

The government is using money from the Oil Spill Liability Trust Fund to pay for cleanup costs and the money BP has paid back goes directly back into the fund.

The Senate Homeland Security and Governmental Affairs subcommittee on federal fiscal management will publicly release the documents at a hearing this afternoon with BP executives and federal officials, as lawmakers start mapping out the total costs of the oil spill to the federal government. The hearing comes on the same day President Obama meets with BP executives to discuss the establishment of an escrow account to reimburse oil spill victims.

The May 27 invoice included a Coast Guard bill for $1.1 million in personnel costs and $692,200 in equipment costs, according to the documents.

The June 2 bill includes 61 separate charges from federal agencies, the National Guard and Alabama and Louisiana state agencies. The Environmental Protection Agency billed BP for about $9.6 million in charges, the National Oceanic and Atmospheric Administration asked for $6.8 million and the U.S. Fish and Wildlife Service reported $5.3 million in costs.

BP earned $5.6 billion in profits in the first quarter of this year, making the $72.7 million charge an easy pill to swallow. But these are just the first two of several anticipated bills from a spill that will have a long-lasting impact on the company.

Leave your thoughts in the comments section below

By Ed O'Keefe  | June 16, 2010; 10:24 AM ET
Categories:  Congress, Oversight  
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Comments

Thankfully, despite GOP & Faux News Constant resistance to BP Reparations, we've got something in the Bank, and $20 Billion on the Way for Gulf Coast People.

If an Oil company or workers Job is to Destroy our Land and Water then you should NOT have your Uninsured butt Drilling in our Waters.

Oil Drillers Must Get Insurance to Drill in USA Waters!!! Get Insurance and Invest in Safety Preparation and Prevention Jobs. Jobs in Maintenance and Inspection, in Safety Equipment and Oil Cleanup Technologies, in USA made Oil Platforms and USA Carbon Fiber Drilling Pipelines.

Remember when JOBS was our biggest issue? Well it still is for Millions of Americans.

The USA has 5% of World Population, uses 25% of the world’s Oil, and has only 2~3% of it. 70% of our Oil use is in the Transportation sector. No amount of Domestic Drilling (Onshore and Offshore) will Adjust that number Even a Single Percentage Point or have any effect on the price of Oil on World Markets.

What will have the greatest effect on Reducing USA Dependence on Oil, Saudi Arabia, Iran, Iraq, Venezuela and OPEC is “Using a Lot Less”.

We can Use less and Create Jobs making Products we can sell by;

• Taxing All Imported Oil
• Enacting a strong Renewable Energy Portfolio Standard of 25% by 2025,
• Pricing Carbon from Large Scale Polluters
• Decoupling Energy Utility earnings from increased Sales
• Developing Freight Rail (such as along the I-81 corridor);
• Ending Wall Street Energy Derivative speculation that drives up the Price of Oil;

These actions provide the greatest Bang-for-the-Buck for Energy Jobs and Investment without sacrificing other Multi-Billion dollar industries and White Sand beaches.

Clean Energy Technologies creates Jobs, Private Investment and Tax Revenue while Producing Products we can sell to the world.

Tax all Imported Oil and Invest in Freight Rail (such as the I81 corridor) to use less of it.

Posted by: liveride | June 16, 2010 12:41 PM | Report abuse

Of course they will do this now but will they in a few weeks when the bills are then going to be billions of dollars? I doubt it

Posted by: Bious | June 16, 2010 12:45 PM | Report abuse

Thankfully, despite GOP & Faux News Constant resistance to BP Reparations, we've got something in the Bank, and $20 Billion on the Way for People and Businesses of the Gulf Coast.

If an Oil company or workers Job is to Destroy our Land and Water then you should NOT have your Uninsured butt Drilling in our Waters. Oil Drillers Must Get Insurance to Drill in USA Waters!!! Homeowners and Car owners get Insurance and so should Oil Drillers. Dangerous Activity that Risks Lives and Hundreds of Billions worth of USA Resources should be Insured.

Get Insurance and Invest in Safety Preparation and Prevention Jobs. Jobs in Maintenance and Inspection, in Safety Equipment and Oil Cleanup Technologies, in USA made Oil Platforms and USA Carbon Fiber Drilling Pipelines. There are Thousands of Jobs available now for Clean Up operations, making Sand Sifter machines, Laying Boom, Hay, Smart Sponges, manning Barges, Pumps and Separators and other Oil Cleanup Technologies.

Remember when JOBS was our biggest issue? Well it still is for Millions of Americans and here are Thousands on the Table Right Now!!!

Saying we cannot afford to invest in Clean Energy Jobs and Industries is like a High School Dropout saying he cannot afford to invest in a Diploma or College.

Posted by: liveride | June 16, 2010 1:15 PM | Report abuse

Nothing like a Great Story of Redemption

We can go from HERE:

BP and MMS Managers:

* Falsifying, inspections,
* Neglecting key safety equipment,
* Failing to perform key checks and maintenance, and
* Harassing and Intimidating workers, and whistleblowers.

BP repeatedly ignored safety, environmental rules:

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/07/AR2010060704826.html?hpid%3Dtopnews&sub=AR

Article Keywords:

neglected key equipment, intimidating workers, corroded pipelines, falsified inspections, storage tanks with leaks and damage, warning system failed, pencil whipping, or falsifying inspections data, skip key diagnostics including pressure testing, pipeline cleaning and corrosion checks, harassment continued, disturbing state of disrepair, extensive tears, pervasive leaks, thousands of violations, falsified safety and inspections reports, lack of detection sensors and emergency shutoff valves, sensors and shutoff systems not operational.

The result is the killing of workers, and Hundreds of Billions in USA resources.

===========

TO HERE:


BP Pays $20 Billion in Reparations to the People and Businesses of the Gulf Coast, and $10 Billion per year in Oil Earnings until the Gulf is Restored.
BP employs Tens of thousands of USA workers in Safety Preparation, Prevention, Maintenance Inspection, Oil Cleanup Technologies, USA made Oil Platforms and USA Carbon Fiber Drilling Pipelines, Clean Up operations, making Sand Sifter machines, Laying Boom, Hay, Smart Sponges, manning Barges, Pumps and Separators and other Oil Cleanup Technologies.

BP carries Disaster Insurance to prove their Drilling Safety preparation and Employs the Power of Private Insurance Companies to help insure safe operations.

BP becomes the Safest and most Productive Oil Company on the planet.


That is a Goal to Love.

Posted by: liveride | June 16, 2010 1:34 PM | Report abuse

The money goes for 'cleanup' which means it goes to Cheney's Halliburton.

Yeap. The devil is in the detail.

If you think the people are going to see any money, think again.

How long has it taken the 9/11 people to get ANYTHING?

Then they will set application requirements to create a bureaucracy to stall payments.

And then, BP was given who knows how long to put that money in. Will it be all? Is that the agreement? Put 10B and the rest you can do it in 20 years, like government Lotto?

Let's see the details.

Posted by: coqui44 | June 16, 2010 1:50 PM | Report abuse

These dummies, in the Coastal Republican areas, that did not have business interruption insurance should not be reimbursed. They need an education on who to run a business properly.

Shows ya these folks are Republican only for racism, but when it comes to picking up some free money they drop the pretense of being Republican.

Posted by: Maddogg | June 16, 2010 1:52 PM | Report abuse

liveride,

You are...

If you think that paying a few bucks for the destruction of an entire ecosystem, the relocation of people which will come in a few weeks, the killing of thousands of animals bringing some to extinction, the economic destruction of the Gulf coast and the impact it will have in our total economy is God blessing, you need to stay in your psychiatric hospital.

You will not be happy if someone goes to your house and throws a party and bring the walls down and you can't rebuild the house, for them to offer you 15 hundred dollars would be an insult to you.

That's the equivalent of what is going on here.

Anyone who had a job in teh GC is gone.

You can't put a price to that kind of calamity.

Your love for corporations and money is what has this planet at the brink of collapse.

You are an ignorant and disgusting human being.

Posted by: coqui44 | June 16, 2010 2:02 PM | Report abuse

How can you people sit around here all day teabagging each other when people are dying in the Gulf? The Gulf is literally on fire. Fish are dead. Bugs are dead. Plankton are dead. Oh the humanity!

Posted by: seraphina21 | June 17, 2010 11:12 AM | Report abuse

Why have the Gulf States whose economic livelihood is based on the oil industry, fishing and tourism NOT invested in the tools, personnel and technology to protect their coastal waters, beaches, marshes and the livlihoods of their citizens.

It is a supreme irresponsibility of these governors and state legislatures to not have their own emergency plans and tools in place.

But, the reason they don't is that in both natural (hurricanes) and man-made disasters (oil spills, et al) these GOP states look for the Federal government to solve their problems.

If I lived in a Gulf State, I would knocking on the Governor's door and asking, "Why did you do nothing."


Posted by: MrsD2 | June 17, 2010 1:58 PM | Report abuse

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