Gulf Coast fears spreading slick, fishing ban widens

Gulf Coast fears spreading slick, fishing ban widens

On Tuesday , fears that oil from a massive Gulf of Mexico spill was drifting to U. S shorelines rose after tar balls were found in Florida , While BP (BP. L) faced mounting pressure to stem its leaking well. The National Oceanic and Atmospheric Administration (NOAA) says on its website, the appearance of new tar balls on a beach reported in Louisiana, Alabama and Mississippi.

Florida Democrat Senator Bill Nelson released a forecast by University of South Florida College of Marine Science experts who said “While I always hope for the best, this is looking like really out-of-control bad” while resident Charlie Bauer “The county hasn't called for an evacuation of tourists as they often do during a hurricane, but if the oil spill affects our waters there won't be any visitors to evacuate. No one knows where the tar balls are from, but they predict doom and gloom”. BP Chief Executive Tony Hayward said to Sky News “I think the environmental impact of this disaster is likely to have been very, very modest”.

It is estimated that the company has offered to pay spill related damages, for the cleanup at $625 million, $175 million higher than a few days ago and analysts say the costs could reach into the billions. Referring to the federal agency, Salazar, admitted that the Minerals Management Service fell short in preventing the explosion and oil spill said “We have to clean up that house,". NOAA experts and a Coast Guard helicopter planned to scour the area for signs of additional pollution. The Gulf Coast and commercial and sports fishing suspended across parts of the region, local residents are worried for their way of life. Cajun fisherman RANDY Arceneaux, 28, of Cocodrie, Louisiana, said “They're not only taking our income, they're taking our livelihood. They're taking the food straight out of our mouths, because the food we eat come out of this bayou”.


Tagged with

Miscellaneous

Overseas firms look past weakness in Indian economy

Overseas firms look past weakness in Indian economy

Global firms are making huge investments in India's consumer market, despite the overall weakness in the Asia's third-largest economy.

In the recent past, consumer goods giant Unilever announced its decision to invest $5.4 billion to increase its stake in its Indian arm Hindustan Unilever Ltd.

Available figures suggest that foreign companies collectively spent around $9.86 in mergers and acquisitions in India this year. The figure is the highest in Asia.

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

Chennai-born Mittu Chandilya to pilot AirAsia’s India operations

AirAsia's CEO Tony Fernandes on Wednesday revealed the identity of the person who will pilot the Malaysian airline's India operations.

Fernandes, the promoter of AirAsia, had announced in March that the airline had selected a very smart boy from Madras, with an amazing CV, as the CEO for AirAsia India.

Revealing the identity of the AirAsia India CEO, he yesterday said the CEO is 32-year-old, Chennai-born Mittu Chandilya, who is currently based in Singapore.