BP's Oil Spill Costs Near $4 Billion Mark

[Elmore Furth]

Source: CBS News

Oil company BP says that the cost of dealing with the Gulf of Mexico spill has now reached nearly $4 billion.

The company, which last week managed to place a temporary cap on the leak, said Monday it has made payments totaling $207 million to settle individual claims for damages from the spill along the southern coast of the United States.

To date, almost 116,000 claims have been submitted and more than 67,500 payments have been made, totaling $207 million.

Including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, payment of claims and U.S. government costs, BP says it has now spent $3.95 billion.


Read more: http://www.cbsnews.com/stories/2010/07/19/business/main6691405.shtml

[valerief]

1. Wow, that's two-thirds of their first quarter profits for 2010. My heart bleeds toxins for them.

http://www.bp.com/extendedgenericarticle.do?categoryId=2012968&contentId=7061409

I wonder what the amount of the claims they've rejected comes to.

[1monster]

2. So the claim payout is an average of $3,000 per claim?! For their entire lively hood

wiped out for decades?!

[Earth_First]

3. Boo-fucking-hoo!

I hope Tony Hayworth and his ilk are broke by the end of this...