The $8 Billion Oil Spill
New estimates of the cost of the BP oil blowout in the Gulf of Mexico have jumped to a staggering $8 billion, up $2 billion in August alone as the company announced it had already paid out almost $400 million in claims to individuals affected by the spill.
New estimates of the cost of the BP oil blowout in the Gulf of Mexico have jumped to a staggering $8 billion, up $2 billion in August alone as the company announced it had already paid out almost $400 million in claims to individuals affected by the spill. –JCL
Strong Journalism, Rooted in TruthThe BBC:
BP says the cost of its Gulf of Mexico oil spill has risen to $8bn (£5.2bn) — a rise of more than $2bn in the last month alone.
The company said it had paid out about $399m in claims to those affected by the spill.
Last week, responsibility for the claims was transfered to the Gulf Coast Claims Facility (GCCF), which has so far paid out a total of $38.5m.
Plans to permanently seal the well were also progressing well, BP said.
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