Oil Majors Plan New Spill Capture and Containment System for Gulf of Mexico; Initial $1B Investment
Green Car Congress
JULY 22, 2010
Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.
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