Posted: May 13, 2010 8:33 AM by Sharlee Jacobs
NEW ORLEANS (AP) - The cost of fighting a massive Gulf of Mexico
oil spill is mounting rapidly for the global oil company that owns
London-based BP PLC says it has spent $450 million since the
spill started after an April 20 oil rig explosion.
That's up by $100 million from the last company update three
BP said in a filing Thursday to U.S. securities regulators that
the cost for its response includes efforts to contain the crude,
drilling a relief well, money it has given to Gulf Coast states,
settlements and federal costs.
BP's chief operating officer Doug Suttles said Wednesday the
price tag increases at least $10 million a day. BP did not
immediately respond to a message Thursday to clarify details of the