$1bn project set up to fund deepsea spill response unit
Major oil companies have agreed to fund a $1 billion (£650 million) pool in the wake of the Gulf of Mexico oil slick.
The consortium, which comprises Exxon Mobil, Royal Dutch Shell, ConocoPhillips and Chevron, will invest in robots and capture vessels.
The new Marine Well Containment Company will have the ability to deal with spills in depths of up to 10,000ft (3km) – twice that of BP’s Macondo well, which ruptured in April.
The response unit comes following similar measures which came after the Exxon Valdez disaster in March 1989, which saw the US oil industry come together to establish a similar company – the Marine Spill Response Corp.
Meanwhile, Scott Dean, a spokesman for BP, said: “We expect to be part of the overall effort moving forwards.
“Once we get this [oil well] leak capped, we would fully expect to share those learnings, which is key to what this group is doing.”
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