Oil giant BP announced Thursday that it is in final talks with the Department of Justice and the Securities & Exchange Commission regarding resolution of all criminal and SEC claims stemming from the 2010 Deepwater Horizon oil spill.
There is an old saying that bad things happen in threes. Louisiana’s Black fishermen regrouped in 1992 after many of their oyster bed leases were washed away during the Caernarvon Freshwater Diversion Project. In 2005, business was at an all-time high and oystermen like Stanley Encalade, 51, who has spent 30-plus years building up his family’s business, were earning $100,000 per year. Then Hurricane Katrina struck, devastating the entire state.