BP’s Back in Deep Water, Baby!

US Coast Guard/ZUMApress.com

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On Monday, the Department of the Interior green-lighted the first deepwater drilling permit since BP’s Deepwater Horizon rig blew up last year and ruined a big piece of the world for a lot of people for a very long time. But, as the National Journal figured out, nearly half of that well is owned by…BP.

“This permit was issued for one simple reason: the operator successfully demonstrated that it can drill its deepwater well safely and that it is capable of containing a subsea blowout if it were to occur,” said the Bureau of Ocean Energy Management, Regulation and Enforcement in a press release. Noble Energy, which owns 23 percent of the well, says that it will be responsible for handling all the operations of the well.

An agency spokesman says to “expect further deepwater permits to be approved in coming weeks and months based on the same process that led to the approval of this permit.” That process includes, of course, meeting BOEMRE’s much-touted “Important New Safety Standards,” so there’s nothing to worry about. Though the Important Standards can’t require drillers to guarantee potential spills won’t kill a bunch of baby dolphins or coat the ocean floor in a blanket of death long after a disastrous explosion.

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

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