Obama Administration Sends BP New $51.4M Bill For Gulf Cleanup


U.S. President Barack Obama's administration sent oil giant BP its biggest invoice yet -- $51.4 million -- for oil cleanup efforts in the Gulf of Mexico, Dow Jones Newswires reported Tuesday.

The oil giant already agreed to a $20 billion escrow fund for cleanup and other expenses related to the massive oil spill flowing out of its deepwater Macondo well.

Late last week, BP's minority partner in the well, Anadarko, refused to pay its share of the $20 billion fund as it accused BP of gross negligence.

Monday, the administration said it billed BP and other, unnamed responsible parties $51.4 million, raising the total to $70.9 million.

The amount includes expenses related to more than two dozen federal entities and agencies responding to the broken well, which is estimated to be leaking about 35,000 to 60,000 barrels of oil every day.

BP shares were flat after hours at $30.33. The stock declined sharply during the regular session following the Anadarko news. Shares dropped by nearly half so far in 2010.

Fox 5

Comments

Popular posts from this blog

10 explosive devices found in Netanya

Swastikas Scrawled in Long Island High School