Tag Archives: british company

BP to Pay $4,300 for Every Barrel of Spilled Oil

The scandal around the oil spilt into the Gulf of Mexico does not subside. On Thursday, the information was released that U.S. authorities are preparing a lawsuit against the owner of the exploded BP platform, demanding compensation for damage caused by the leakage. Fines can reach $4,300 for each barrel of oil spilt in the waters of the Gulf, i.e., a total of approximately $17.6 billion.

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America’s Most Hated and Clueless Man Goes, Any Hope Left?

During the second quarter of the year, Britain’s BP that suffered an accident on its oil platform in the Gulf of Mexico has lost $17.15 billion. Analysts predict that the company will be in the red for at least another two quarters, and this is despite the resignation of Tony Hayward, BP’s executive director and “the most hated person in the USA.”

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