April 29, 2010 — The state of Louisiana's governor has declared a state of emergency due to the Deep water Horizon oil rig that exploded on April 20 and left 11 workers missing and presumed dead.
An unfolding environmental crisis resulted as the spill made its way within 20km of the US coastline by Thursday.
The spill was expected to hit land by Friday.
The US government says that it is doing everything it can to minimise environmental damage following the oil spill in the Gulf of Mexico, but says that British oil giant BP will have to shoulder the blame for the disaster.
Al Jazeera's Tom Ackerman reports from the US state of Mississippi, where the oil threatens a number of environmental and commercial interests.
Friday, April 30, 2010
U.S. Stocks Tumble as Prosecutors Scrutinize Goldman
April 30 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks tumbled, capping the biggest weekly drop since January, as criminal investigators scrutinized Goldman Sachs Group Inc. Transocean Ltd. tumbled 7.9 percent as the White House banned new offshore drilling until the Gulf of Mexico oil spill is investigated. (Source: Bloomberg)
Goldman Shares Slide Amid Concerns Over Criminal Probe
April 30, 2010 — FBNs Robert Gray on the Department of Justice possibly investigating the investment bank and the government taking action against the Gulf of Mexico oil spill.
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