Puerto Vallarta News

Puerto Vallarta News

Report: BP paid off Mexican government with $25 million after major oil spill

Report: BP paid off Mexican government with $25 million after major oil spill

Oil giant BP paid the Mexican government $25.5 million earlier this year to absolve the company of any responsibility for polluting Mexican waters after the Deepwater Horizon disaster in April 2010, Nathaniel Janowitz of BuzzFeed News reports after a two-year investigation.

Why it matters: The payout is relatively small considering BP spent a total of $60 billion in the aftermath of the spill and paid more than $10 billion to United States fishermen and businesses. None of the $25.5 million payment is going to Mexican citizens, Janowitz writes.

The payout was part . . .

Read Full Story

Related Posts

Mexican peso appreciates

Mexican peso closes at 17.58 per dollar, best since mid-2024

The peso ended Monday at 17.58 per dollar, its strongest close since June 2024, as...
Mexico decree makes brands responsible for packaging waste

Mexico decree makes brands responsible for packaging waste

A new federal decree activates Mexico’s circular economy law, forcing producers and importers to plan,...
US military aircraft in Toluca sparks sovereignty debate

US military aircraft in Toluca sparks sovereignty debate

Mexico says a U.S. C-130 landing in Toluca was a preapproved logistics run to take...
measles jalisco

Measles reaches all 32 Mexican states as Puebla confirms first case

Puebla’s first measles case puts all 32 states on the outbreak map. Check your vaccine...