Legal Costs Continue to Burden BP

By QR Blog Editor 7-31-2012

From The Guardian:

The Gulf of Mexico oil spill continues to plague BP more than two years after the disaster as the company has revealed another $847m (£538m) hit to cover rising legal costs.

The additional charge for the second quarter brings the total bill for the fatal Deepwater Horizon incident to $38bn, BP said.

BP is struggling to shake off the reputational blow of the April 2010 Macondo blow-out after recently coming under further fire in a report from a US government safety panel.

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