Oil companies are working to prepare for a potential spill of a massive oil spill in the Gulf of Mexico, which could destroy homes, businesses and communities.
The oil industry is still reeling from BP’s spill in 2010 that killed 11 people and contaminated the Gulf.
The company said it will spend more than $4.7 billion to mitigate the damage.
It has already begun installing monitoring and emergency response systems, and is working to install additional containment barriers along the coast.BP will pay $3.9 billion for cleanup, but some environmental groups have said the company has not provided enough money.
The companies’ response to the spill has been criticized by some who believe the companies have failed to adequately prepare for the event.BP has been trying to repair the damage it caused and has asked Congress to authorize an additional $1.6 billion in disaster relief for the Gulf Coast.
The government will receive $2.4 billion in federal disaster relief.