Bp Oil Spill Research Paper

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During the BP Oil Spill in 2010, there were so many causes of that spill. However, causes always come with the effects and the same thing happened in this case. There were so many effects of the oil spill in the gulf which affected the people, environment, and nature in bad manners. The few effects of the BP Oil Spill were the Spill of the oil in the ocean, the stocks of the BP start falling and the fines for not using the right material. One of the bad effects was the spill of the oil in the open ocean. The oil spill in water affected the environment killed so many water animals and it also affected the people who are living on the shoreline. The oil has polluted the water and now that water can’t be used to for any purpose. It also affected to the shoreline which was connected to the gulf water. The oil spill reached the shore and people can’t go near the affected area because of its hazards affects and it also causes skin diseases and many other problems. The spill also damaged so many small tropical islands in the area. It is also …show more content…

Also, stockholders believed that they can lose their money if they don’t pull it back from the stock and BP almost lost 55% stockholders right after the crisis it wasn’t easy for BP at the moment to deal with all the crisis because the way stock was going down and the price of the stock was going down as well. The fire on the rig didn’t just destroy the million-dollar property of BP but it destroyed the wealth of all the shares holder because after the rig explosion the price of BP share went from $56 to $27. After the explosion, EPA also bans BP from applying any new contract in the gulf and supplying fuel to the military which was also a huge loss to the BP but this ban didn’t stay for long. The ban was lifted in March 2014 allowing BP to supply fuel to military and working in

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