BP Says Oil Spill Cost Up To $8bn

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, responsibilty for the claims was transfered to the Gulf Coast Claims Facility (GCCF), which has so far paid out a total of $38.5m.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

Have a Story? Send Us a tip
arrow up