The settlement provides assured, quick money, but far less than advocates hoped.
Why did BP's stock rise after the settlement was reached: payments are low and slow — except to lawyers.
New Orleans leaders long believed that the city’s safety lay in draining the soggy mud sponge it was built on. But as it drained, it also shrank, pulling most of the city below sea level. Officials now say the best way to control the damage roiling the area is by keeping that sponge full. First, they need a way to monitor what’s happening below.
As expected, levees will be raised to keep the area qualified for federal flood insurance.
These are nervous times for some supporters of the RESTORE Act, the law that will divert 80 percent of the fines BP will pay for polluting the Gulf of Mexico from the federal purse to projects intended to restore the Gulf ecosystem and economy. They want to ensure that big money will pay for big projects.
Lt. Gen. Honore urges citizens to contact state senators in fight over solar legislation.
The rain-storage capacity of our roadways adds enough to keep FEMA certification.
Pension funds are waking up to the financial risks of ignoring the climate risks posed by Big Oil.
Head of regional flood authority says Lake Borgne levee district now unable to fix major problems.
Further research necessary, scientists say; state still hasn't made final decision on building diversions.