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BP could face more harsh consequences for last year’s disaster in the Gulf of Mexico. US Federal investigators are now considering charging a number of BP managers with manslaughter for the casualties that occurred aboard the Deepwater Horizon drilling rig. BP stock took a 2% hit on Tuesday after federal authorities released the report of their intentions.

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Conditions at the Fukushima Daiichi nuclear power plant in northeastern Japan have become so unstable that authorities are now left with few options to avoid what could possibly become one of the world’s worst industrial disasters. All 6 of the plant’s reactors have issues, from broken containment systems to blown out roofs to exposed fuel rods.

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Australian PM announces flood relief package. Australian Prime Minister Julia Gillard is introducing a tax to help pay for the nation’s catastrophic floods. She’s hoping to recover some of the estimated 5-point-6 billion dollars that she says will cost for reconstruction. The tax begins in July, for 1 year only and targets higher-income earners. Those who were affected by the floods will not have to pay.

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