By Ben Geman - 06/25/10 11:19 AM EDT
* BP has updated its spending on the spill thus far
“Embattled oil major BP PLC (BP) said Friday it has spent $2.35 billion to date to clean up, contain and payout claims and grants to the states on the Gulf of Mexico that have been impacted by the U.S.'s largest oil spill,” Dow Jones reports.
“This compares to $2 billion spent to date as of Monday this week. BP said a total of 364,500 barrels of oil have been recovered or flared by its containment systems to date, with 16,830 barrels collected on Wednesday. The BP systems also flared 36.7 million cubic feet of gas.”
* Kenneth Feinberg will manage the $100 million fund for workers affected by the deepwater drilling freeze
Bloomberg has a nice scoop by Hill alum Jim Snyder:
“Kenneth R. Feinberg, administrator of the claims fund for victims of BP Plc’s oil spill, said he also will manage a separate $100 million account to replace lost wages for rig workers idled by the offshore drilling moratorium,” Bloomberg reports.
“They will be eligible to come to me and apply for the $100 million,” Feinberg, 64, said today in an interview. “I’ll evaluate those claims as well.”
“Feinberg, former U.S. paymaster for companies that received federal aid, was tapped last week to run the $20 billion escrow account BP established under pressure from President Barack Obama to cover claims from the Gulf spill. Rig workers who lost jobs after Obama imposed a six-month moratorium on drilling will be limited to the $100 million fund, Feinberg said.”
* World leaders will discuss climate change and fossil fuels at this weekend’s G20 meeting
“Climate change is likely to be a prominent talking point at this weekend's G-20 Summit in Toronto, despite efforts by Canadian prime minister Stephen Harper to ensure the talks focus almost exclusively on global economic recovery,” reports BusinessGreen.
“According to a leaked draft version of the communiqué that is expected to be released at the end of the summit, both climate change and proposals to phase out fossil fuel subsidies remain firmly on the agenda for world leaders,” they report.
But their piece and others in recent days also note that the G-20 pledge last year to began phasing out the subsidies will be watered down. Here’s Mother Jones on the topic, which blew up earlier this week when ClimateWire got its hands on the leaked draft.
* The commission probing the BP oil spill is drawing fire
The Houston Chronicle has a good piece on criticism of the White House-created commission that’s probing the BP oil spill (we blogged about the topic Thursday here and here).
“The roster of members includes science and engineering experts, as well as a renewable energy advocate who has complained about America's oil addiction and a marine science professor who recently appeared to endorse a delay of planned drilling along the East Coast,” their piece notes.
But it also points out that one of the commission’s co-chairs – William Reilly, who headed EPA under President George H.W. Bush – was a director of oil giant ConocoPhillips before temporarily stepping down to serve on the panel.