Friday, March 1, 2024

BP bill hits $2.6b

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NEW ORLEANS – BP’s mounting costs for capping and cleaning up the Gulf of Mexico spill have reached US$2.65 billion, it said yesterday, but the oil giant denied reports out of Russia that CEO Tony Hayward was resigning.The company’s expenses climbed US$100 million per day over the weekend, according to an SEC filing yesterday, as engineers eyed a tropical storm headed for the Texas-Mexico border. It was expected to miss the oil spill area but could still generate disruptive waves and winds. (AP)

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