BP CEO Tony Hayward is touring the world
asking rich countries to invest, or keep investing, in his beleaguered company as costs for the Gulf oil spill shoot upwards. Apparently, though, this is not just BP's problem. It turns out the U.S. Justice Department is taking a special interest in these meetings. Krissy Clark reports.
Before the catastrophic Gulf of Mexico oil spill, BP assured federal regulators it could clean up nearly half a million gallons of oil a day. So far, it's succeeding in meeting little more than half that amount.
The center of Tropical Storm Alex is not expected to pass near the site of BP's leaking oil well in the Gulf of Mexico. But it could delay oil collection efforts, and that could be bad news for the company's financial health.
The Santa Barbara oil spill of 1969 was nowhere as vast the current BP oil spill in the Gulf, but it did stir up environmentalists, the federal government and the oil industry to make things safer -- unfortunately, not all of that attitude made it through the years.
The Santa Barbara oil spill of 1969 was nowhere the size of the BP oil spill, but it draws many comparisons. View a slideshow of breathtaking photos from the 1969 spill and hear from one resident who remembers it all too well
The Gulf of Mexico provides families in the area with two significant economic opportunities -- oil and fish. And right now, with the BP oil spill, the future of both are in question. That's straining some communities in places like Boothville, La. Adriene Hill reports.
Pages
Justice Department keeps an eye on BP
BP cleanup falls significantly short of what was promised regulators
U.K. draws up contingency plans for BP collapse
People withhold donations for spill aid
BP admits faulty safety practice, seeks white knight investor
BP building 'war chest' to soften financial fallout
How BP's woes might hurt the market
Lessons of oil spills past not learned
Reporter's Notebook: Lessons from the Santa Barbara Oil Spill
Locals hurt by battered Gulf industries
Pages