News
BP CEO says will pay oil spill claims
By: yahoo.comPosted On: 04/30/2010 12:01 P
Tweet
BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to drilling.
BP Plc will compensate all those affected by an oil spill from one of its wells in the Gulf of Mexico, its chief executive said, accepting the disaster could hit plans to open new areas off the U.S. coast to drilling.
"We are taking full responsibility for the spill and we will clean it up and where people can present legitimate claims for damages we will honor them. We are going to be very, very aggressive in all of that," Tony Hayward told Reuters in an interview on Friday.
The massive spill, which started when an oil rig caught fire and sank last week, washed up to wildlife refuges and seafood grounds on the Louisiana coast on Friday.
The cost to the fishing industry in Louisiana could be $2.5 billion while the impact on tourism along Florida's Paradise coast could be $3 billion, Neil McMahon, analyst at investment firm Bernstein, said in a research note on Friday.
The spill could also hit President Barack Obama's plans to open some offshore areas of the U.S. where oil exploration is currently barred, to drilling, Hayward said.
Latest VLogs
iLoveMakonnen "Loudest of the Loud Tour - On the Road Pt. 2"
Life With Ty Dolla $ign (Ep. 7)
