Friday, 21 April 2017

Study takes unusual path to gauge environmental cost of BP oil spill

The results of the study show that on average, households were happy to pay $152 for ...

One month after crude oil began gushing into the Gulf of Mexico in April 2010, the US National Oceanic and Atmospheric Administration commissioned research to gauge the environmental cost of the BP Deepwater Horizon spill, which would ask American households what they'd pay to prevent similar damage in the future. The results are now in, with scientists placing a US$17.2 billion price tag on the damage to natural resources.

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