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BP Gulf oil spill costs hit $8B

CBC -- BP says it has so far spent roughly $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico.

A remotely operated vehicle near the site of the damaged well in the Gulf of Mexico is shown in this picture captured from a BP live video feed this week. (BP/Reuters)
The company says the total included $399 million paid to settle 127,000 claims from businesses and others affected by the oil spill.

The oil company said more than 28,000 people and 4,000 vessels are still engaged in responding to the spill.

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Submitted Sep 03, 2010 By: PaladinYWG

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BCweatherman All-Star Author British Columbia Posts:738 Points:802,430 Joined:May 2009	Message Posted: Sep 6, 2010 6:00:14 PM Ignore BCweatherman Report Abuse BP is still worth billions.
Kamakani Champion Author Hawaii Posts:2,386 Points:952,455 Joined:Oct 2008	Message Posted: Sep 4, 2010 5:36:01 AM Ignore Kamakani Report Abuse They can afford it.
Nicoalbum Champion Author Ottawa Posts:3,571 Points:722,035 Joined:Jan 2010	Message Posted: Sep 3, 2010 3:07:52 PM Ignore Nicoalbum Report Abuse Paying no dividends this year?
PDQBlues Champion Author San Diego Posts:4,702 Points:979,420 Joined:Jan 2009	Message Posted: Sep 3, 2010 2:38:40 PM Ignore PDQBlues Report Abuse It's doubtful that the "industry" will "learn" what you expect them to learn. It's the executives that run the corporations, and these executives have insulated themselves from any financial liability (much like our politicians). In other words, they learn only that they can commit murder (literally) and get away with it.
TripleHs Champion Author Austin Posts:1,295 Points:491,505 Joined:Oct 2009	Message Posted: Sep 3, 2010 1:49:13 PM Ignore TripleHs Report Abuse it will be worth if it does teach a lesson to everyone, esp the industry ...
TripleHs Champion Author Austin Posts:1,295 Points:491,505 Joined:Oct 2009	Message Posted: Sep 3, 2010 1:48:29 PM Ignore TripleHs Report Abuse buying a lesson for the whole industry ... feel sorry for its stock holders
Night Owl Champion Author Toronto Posts:5,255 Points:1,331,675 Joined:Jul 2004	Message Posted: Sep 3, 2010 1:48:09 PM Ignore Night Owl Report Abuse Maybe BP will finally learn that safety is necessary and cannot be skimped on. BP - disasters, deaths, and big profits
BMW2014 Champion Author Toronto Posts:1,794 Points:364,300 Joined:Jun 2010	Message Posted: Sep 3, 2010 1:20:31 PM Ignore BMW2014 Report Abuse $8 billions and more to spend. Heavy price to pay for negligence.
coughlin Champion Author San Jose Posts:3,331 Points:754,075 Joined:Sep 2009	Message Posted: Sep 3, 2010 11:41:49 AM Ignore coughlin Report Abuse Even if you TRIPLE that, they'd still be getting off cheap.