BP spill cost fishing industry at least $94.7 million to $1.6 billion from May through December 2010

Deepwater-Horizon-April-21-2010.-REUTERSThe BP oil spill may have cost the Gulf of Mexico’s commercial fishing industry between $94.7 million and $1.6 billion and between 740 and 9,315 jobs from May to December 2010, according a study released Wednesday (June 22)  by the Bureau of Ocean Energy Management. The study, conducted by The Vertex Companies of Boston, Mass., measured the impact of the spill during the same period of time that is being used to calculate claims being paid to fishermen under a 2012 court-approved settlement agreement between private parties and BP. The three-year study cost $355,888. Louisiana’s commercial fishing industry bore the brunt of the costs of the spill, compared to  the four other Gulf states, the report found, with the highest costs affecting the catch of shrimp, oysters, crabs and menhaden. Read the rest here 10:34

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.