20th April 2010 a deep water oil well exploded in the Gulf of Mexico of the coasts of Louisiana, Misssissippi, Alabama and Florida
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Environmental Impact
Oil leaked at a rate of 40,000 barrels a day
Plants and animals were completley covered in oil
More than 400 spieces living in the Gulf Islands and marshlands were at risk including endangered spieces like the Kemp's Ridley Turtle, the Hawksbill and Leatherback turtle
Loss of wetland grasses and reduction of fish stock
Bluefin tuna spawning grounds covered in oil
3000 dead birds, 500 dead sea turtles and 64 dead dolphins
Ecosystem could require years and decades to recover
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Economic Impact
Economic impact on tourism was loss of $23 billion so BP exectuatives created a $20 billion response fund
Tourists cancelled holiday so local businesses suffered but some hotels /resturaunts were saved from complete decline by the clear up operators however they didn't use the same services so did not support econamy
Cost to fishing industry was $2.5 billion leading to closed fisheries
58,000 of Louisianas jobs is in the oil industry and it has created 260,000 oil related jobs which is 17% of all Louisianas jobs and many lost thier jobs
BP allocated $100 million for unemployed offshore workers
50,000 claims for lost income filed of which 10,000 were paid totalling 80 million
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Management
Massive response ensued to protect beaches, wetlands and esturaies from the spreading oil using skimmer ships, floating booms, controled burns and 1.84 US gallons of Coretexit oil dispersant
President Obama announced that his administratuon would create a $20 billion oil spill response fund
Responders used 5.5 million feet of boom, a barrier placed in water to ollect and abosrb oil
Insitu burning in a controlled area on the surface of the water which released a lot of green house gases
BP exectuatives created a$20 billion response fund
BP allocated $100 million for unemployed offshore workers
50,000 claims for lost income filed of which 10,000 were paid totalling 80 million
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