BP oil spill did $17.2 billion in damage to natural resources, scientists find
The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S. history.
This is the first comprehensive appraisal of the financial value of the natural resources damaged by the 134-million-gallon spill.
"This is proof that our natural resources have an immense monetary value to citizens of the United States who visit the Gulf and to those who simply care that this valuable resource is not damaged," said Kevin Boyle, a professor of agricultural and applied economics in the Virginia Tech College of Agriculture and Life Science and one of the authors on the paper.
Findings from the study are published in the issue of Science released Friday, April 21.