U.S. Judge Approves $20B Settlement over BP Oil Spill

A New Orleans federal judge granted a $20 billion settlement over the 2010 BP oil spill in the Gulf of Mexico, ending years of litigation over the worst offshore oil spill in history. The settlement was first announced in July, includes $5 billion in civil Clean Water Act penalties and billions to cover environmental damage. The money is to be paid out over roughly 16 … Continue reading U.S. Judge Approves $20B Settlement over BP Oil Spill

TransCanada sues U.S. for $15B for stopping Keystone XL

TransCanada filed a lawsuit on Wednesday claiming President Obama’s rejection of the Keystone XL pipeline exceeded his power under the U.S. Constitution. The company is seeking $15 billion in damages stemming from the president’s decision. Obama blocked the cross-border pipeline in November after it was first proposed seven years ago. The company also filed a legal action under the North American Free Trade Agreement, claiming … Continue reading TransCanada sues U.S. for $15B for stopping Keystone XL

Global leaders reach historic climate change deal

President Obama: ‘Paris Accord best chance to save planet’ President Obama and over 200 world leaders reached a historic climate change deal on Saturday, pledging to fight climbing temperatures and rising seas and delivering a major victory to President Obama, who has made climate change a key part of his presidency. The pact is the most aggressive international plan ever put in place to combat … Continue reading Global leaders reach historic climate change deal