For decades environmentalists have argued that economics should take into account the costs borne by such externalities in order to discern the true overall value to society of any given action or activity.
Greenpeace will be launching their ship, The Arctic Sunrise, that is going on a three-month expedition to investigate the impacts of the Gulf oil disaster from the Port of St. Petersburg, this Wednesday, August 11, at 10 a.m.
Though BP attached a new cap over the Deepwater Horizon leak late Thursday, crude oil still flows into the water through several open vents on the inverted funnel-like device.