Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

Quintana Roo earthquake

Recent Yucatán tremors raise new focus on the Ticul fault

Recent low-magnitude tremors in southern Yucatán may be linked to the Ticul fault, but experts...
BCS rent regulation

Cheap Rentals in Mexico Are Getting Harder to Find

Mexico’s rental market is split between costly online listings and cheaper informal options, making affordable...
Cancún’s Late April Culture Agenda Opens Citywide This Week

Cancún’s Late April Culture Agenda Opens Citywide This Week

Cancún’s late-April cultural agenda brings free music, theater, dance and literary events to venues across...

Foreign Residents Say Mexico Feels Safer Than Home

A new expat safety survey finds foreign residents in Mexico feel safer in their communities...