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BP oil spill costs soar above 3 billion dollars

New Orleans, Louisiana (AFP) July 5, 2010
BP's costs over the Gulf of Mexico oil spill soared Monday above three billion dollars, while a giant Taiwanese ship provided hope of revolutionizing on-sea skimming operations

"The cost of the response to date amounts to approximately 3.12 billion dollars, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs," BP said.
The latest estimate is far higher than the 2.65 billion dollars given by the energy firm one week ago. BP's share price has collapsed more than 50 percent since the Deepwater Horizon oil rig it leased sank on April 22, two days after a blast that killed 11 workers.

After intense pressure from President Obama over the worst ever US environmental disaster, BP agreed last month to suspend its shareholder dividend and create a 20-billion-dollar fund for costs arising from the spill.

 Continue: BP Oil Spill Costs
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