Oil and Gas

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That Senate Bill 469 — which aims to kill the New Orleans levee board’s lawsuit against 97 oil and gas companies for coastal damages — could absolve BP from paying billions worth of damages claims raises an even bigger question: What role did BP play in the passage and drafting of the legislation?

A federal board investigation into the 2010 BP oil spill concludes that a last-ditch safety device on the underwater well had multiple failures, wasn't tested properly and still poses a risk for many rigs drilling today.

The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company's failed equipment, a federal appeals court ruled Wednesday.

"The language proposed in SB 469 is vaguely broad and since it deals with the elimination of causes and rights of actions which protect Louisiana, I recommend that it be vetoed," Attorney General James Caldwell told the governor in a letter dated Tuesday.

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Twenty-three eminent law scholars from universities nationwide say Gov. Bobby Jindal could jeopardize billions in BP damage claims if he signs Senate Bill 469 into law.

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