BP Spent $93M On Post-Spill Advertising
WASHINGTON — Oil giant BP says it has spent more than $5 million a week on advertising since the Gulf Coast oil spill – more than three times the amount it spent on ads during the same period last year.
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House OKs new standards for offshore drilling
WASHINGTON (MarketWatch) — Companies that drill for oil in U.S. waters would be required to pay 100% of spill-related damages under a bill approved Friday in the House of Representatives. Written in response to the BP oil spill, the bill removes a $75 million liability cap now in place; requires independent certification of equipment and sets up other new offshore-drilling standards; and …