US Rep Rahall Asks Anadarko To Contribute Over Gulf Oil Spill

11th Jun 2010 17:20

By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House of Representatives member is stepping up pressure on Anadarko Petroleum Corp. (APC) and asking the minority owner of the lease at the center of an eight-week-old Gulf of Mexico oil spill to donate money to help rehabilitate coastlines in the region. Anadarko has received little attention since the April 20 explosion of an oil rig that was being leased by BP PLC (BP, BP.LN) and the subsequent mile-deep leak in the region. But Anadarko is entitled to 25% of revenue from the fossil fuels produced from the project, prompting Rep. Nick Rahall (D., W. Va.) to write the company that "it is essential that all companies associated with this incident do their part to help mitigate the ongoing human suffering and environmental damage." In the letter from Thursday, Rahall said Anadarko should "follow BP's lead and donate its share of net revenues to help the people and environment of the Gulf." BP earlier this week promised to donate net revenue of oil collected from the gushing undersea well to a fund to improve Gulf Coast wildlife habitats. A BP spokeswoman said Friday that BP is entitled to only 65% of the net revenue, with the remainder belonging to other companies with a stake in the lease. An Anadarko spokesman wasn't immediately able to be reached for comment. -By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; [email protected] (END) Dow Jones Newswires June 11, 2010 12:20 ET (16:20 GMT)