Ocean Currents

Donate Today

Ocean Currents

News, opinions, photos and facts from Ocean Conservancy

//

BP: Return on Investment Includes Cost of Business

Posted On January 26, 2015 by

Every day we monitor the health of our economy through indicators such as the Dow Jones Industrial Average, NASDAQ or S&P 500. We are able to understand the trends in our economy through the long-term values of these indicators. Decisions are made each day based on these trends and affect every aspect of our lives. Very few business leaders would dare conduct business without analyzing these indices.

The ocean is an important driver of our economy and a major player in our ability to thrive. It provides the oxygen we breathe. It controls the weather systems that produce our food and the marine systems that sustain much of the biological wealth of this planet. The health of the ocean is immensely important, yet we conduct business every day without knowing the changes or trends in the ocean’s health.

Continue reading »

How Do We Restore the Gulf Beyond the Shore?

Posted On August 18, 2014 by

In the wake of the BP Deepwater Horizon oil disaster, everyone’s talking about how we restore the Gulf Coast. But the Gulf of Mexico is more than what we can see from the shoreline. If we restore the coast without restoring the deep waters, we’re only addressing half the problem.

That’s why Ocean Conservancy has created Restoring the Gulf Beyond the Shore. It’s a short guide to the wildlife that lives in the Gulf’s waters and it explains why it is so important that we ensure the health and safety of our fish, dolphins, seabirds, and whales (yes, whales in the Gulf!).

Continue reading »

1
Comment

Lengthy Gulf Restoration Plan Needs to Dive Deeper

Posted On February 3, 2014 by

Photo: Blair Witherington

If you’re like me, the recent holiday season has erased some of your memory (I think it’s all the sweets), and you may be in need of a refresher on where we left off last year in the Gulf restoration process. Last month, the Deepwater Horizon Natural Resource Damage Assessment trustees released a long-awaited draft Early Restoration Programmatic Environmental Impact Statement (PEIS). This was exciting news for the Gulf of Mexico, because the PEIS is critical for laying the groundwork for a comprehensive, long-term and integrated restoration process in the wake of the BP oil disaster.

Ocean Conservancy’s experts have been going through the nearly 2,500-page document with a fine-tooth comb over the last several weeks, and we can now present you with our preliminary views. When the PEIS process started last summer, over 1,000 of our supporters sent messages to the trustees with specific recommendations on what should be included in this document to ensure the Gulf ecosystem is made whole.  Let’s see how well the trustees did:

Continue reading »

A Victory for Fish and Turtles in the Gulf of Mexico

Posted On November 15, 2013 by

sea turtle swimming near Florida

Photo: Lisa Kelly, Photo Contest 2013

In a significant step forward in restoration of the Gulf of Mexico’s natural resources, the National Fish and Wildlife Foundation (NFWF), in partnership with the five Gulf states and two federal agencies, announced over $100 million for restoration projects across the Gulf. A total of 22 projects will restore a number of Gulf habitats and species, ranging from coastal dunes in Texas, to oyster reefs in Alabama and shorebird nests in Mississippi.

Funding for these projects comes from the criminal settlement against Transocean and BP, which were finalized late last year. These funds must be used to remedy the harm caused to our natural resources in the Gulf due to the BP Deepwater Horizon oil disaster, and these are some of the first fine monies to be put toward restoration. (Click here to read more about the ongoing civil trial and what’s at stake.)

We are particularly excited about two projects in Florida that support restoration of offshore Gulf species: enhanced reef fish (think: red snapper) health assessments and turtle-friendly beach lighting. Marine restoration projects like this are part of the comprehensive approach that Ocean Conservancy advocates.

Continue reading »

6
Comments

Oil Disaster Trial Phase 2: BP vs. Reality

Posted On October 23, 2013 by

Seabirds in the Gulf are threatened by oil from the BP spill.

Photo: Kris Krug via Flickr

The following is an excerpt from a post that first appeared on Huffington Post:

It’s been more than three years since the BP Deepwater Horizon oil disaster grabbed worldwide attention. The explosive blowout that tragically claimed the lives of 11 workers on board the rig in April 2010 also unleashed an unprecedented amount of oil that flowed uncontrolled into the Gulf of Mexico for 87 days. The impacts have been staggering and ongoing.

BP’s actions to stop the oil, as well as how much actually spewed into the Gulf, were the subject of the second phase of BP’s trial in New Orleans, which concluded last week. The final phase of the trial will take place next year, after which the judge will determine the penalties. In the meantime, here are some things you need to know.

Continue reading »

8
Comments

BP Trial Phase 2: What You Need to Know

Posted On September 30, 2013 by

oil-smeared hand

Photo: Ken Cedeno / Ocean Conservancy

The second phase of the trial to determine how much more money BP owes for its Gulf spill begins today. Here’s what you need to know:

1. Phase two of the trial will cover how much oil BP actually discharged into the Gulf of Mexico as well as the effort to cap the well. (Remember the summer of “junk shots” and “top kills?”)

BP says the U.S. government’s estimate of 4.9 million barrels of oil is based on “faulty assumptions.” BP says they spilled ONLY about 2.45 million barrels. BP’s estimate of a lower volume is based on the work of London-based professor Martin Blunt, who *ahem* used to work for BP. Either way, that’s a lot of oil, so why the fuss? Penalties for discharging oil (a violation of the Clean Water Act) are based on the amount of oil discharged. A lower volume means a lower penalty—potentially around $7 billion less.

(Click here for an overview of all phases of the trial.)

Continue reading »

Gulf Restoration Plan Is Step Forward for Recovery, but More Work Remains

Posted On August 30, 2013 by

Oil washes ashore near Grand Isle, Louisiana

Photo © Cheryl Gerber / Ocean Conservancy

The following is an excerpt from a post that first appeared on National Geographic’s Ocean Views:

If we hope to meet the future resource demands of a growing global population without destroying the natural systems that sustain us, we must put the ocean at the center of what we do. The ocean provides us with food, energy, transportation, carbon storage and more—it is truly our greatest natural resource.

Nowhere is this more true than in the Gulf of Mexico. The Gulf is a national treasure and a significant driver of the U.S. economy, providing resources for food, recreation and livelihoods.

But the Gulf is still recovering from the BP Deepwater Horizon oil disaster as well as decades of ecosystem decline. Restoring this region to health is the only way to ensure that we can enjoy its many benefits for generations to come.

That task lies in the hands of the Gulf Coast Ecosystem Restoration Council, which just released its “Initial Comprehensive Plan: Restoring the Gulf Coast’s Ecosystem and Economy.” This plan is intended to serve as a framework to implement a coordinated, Gulf-wide restoration effort using RESTORE Act funding. It’s a once-in-a-lifetime opportunity to do something great for the Gulf.

The Gulf Council’s plan is another small but important step forward in Gulf recovery, but we aren’t there yet.

Click here to read the full post, including Ocean Conservancy’s recommendations for next steps.