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Gulf Oil Spill Cost: BP's Profits In Four Days Cover Costs Thus Far

First Posted: 5/11/10 Updated: 5/25/11

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Think Progress:

BP's daily profits dwarf the daily cost of spill response, and at the current rate, the company could cover the entire cost of cleanup thus far in just under four days of profits.

Read the whole story: Think Progress

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BP's daily profits dwarf the daily cost of spill response, and at the current rate, the company could cover the entire cost of cleanup thus far in just under four days of profits.
BP's daily profits dwarf the daily cost of spill response, and at the current rate, the company could cover the entire cost of cleanup thus far in just under four days of profits.
Related News On Huffington Post:
 

Gulf Oil Spill Has Cost BP 1.25 Billion So Far Gulf Oil Spill: Federal Costs At $87M So Far, Third-Most Costly Cleanup In U.S. History BP Puts Leak Cost At $450 Million Transocean Petitions To Limit Liability In Gulf Oil Blast To Mere $27 Million Solutions For The Gulf Oil Spill (PHOTOS/VIDEOS) Political Patience Washing Away Fast For BP Execs As Gulf Oil Spill Grows Worse Legitimate Claims: Cantwell Grills BP On How Much They Will Actually Pay (VIDEO) Oil Spill Hearings In Congress: Companies Blame Each Other, Refuse Responsibility BP Shoots More Chemicals Into Gulf Oil Leak After EPA Gives Approval Oil Spill Cleanup: How Long Should BP Stay In Charge? BP Lobbying Against Financial Reform's Derivatives Regulation As It Cleans Up Oil Spill BP Oil Spill: Company Estimates Cost At $350 Million So Far The Economic Impact Of The Gulf Oil Spill
Read more from Huffington Post bloggers:
Daphne Wysham

Daphne Wysham: Crime Pays for BP

Between 2001 and 2009, BP paid $530 million in safety fines, or one-third of 1 percent of the company's profits. Those financial penalties are so minor that BP routinely scrimps on safety.

Filed by Gazelle Emami  | 

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