Slick spin
Although the flow of oil has stopped, there is still a massive cleanup operation that experts say will last for months.
Major oil slicks appear to have dispersed, but experts are still analyzing the extent of pollution in the sea.
Although the flow of oil has stopped, there is still a massive cleanup operation that experts say will last for months.
Major oil slicks appear to have dispersed, but experts are still analyzing the extent of pollution in the sea.
BP may permanently shut the well that caused the worst offshore oil spill in U.S. history as early as Monday, the company said yesterday as speculation grew over the assets it might sell to cover mounting costs.
One hundred days after a rig explosion killed 11 workers and opened up an oil-spewing gash on the sea floor, criminal and civil investigations were examining whether BP and other companies involved misled regulators and investors.
BP also faces a number of private lawsuits and claims for compensation from the spill that damaged fishing areas and tourist sites. The company expects to spend $60 million in advance payments in August.
Image repair wasn’t helped when BP pointed out the cost of the spill would reduce its taxes, leaving U.S. taxpayers $10 billion worse off.