BP costs hit $2bn, as Democrat accuses company of misleading Congress

James S Murray
clock • 3 min read

Oil industry prepares to go to court to try and overturn drilling moratorium

BP today announced that the cost of its response to the Gulf oil spill has reached $2bn, with $105m in compensation having now been paid out to 32,000 claimants. The latest update came just days after...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James S Murray
Author spotlight

James S Murray

View profile
More from James S Murray

Global CCS capacity increases 23 per cent as 27 new projects come online

CMA backs further hike in water bills

More on Politics

Kemi Badenoch promises 'proper strategy' for tackling climate change
Politics

Kemi Badenoch promises 'proper strategy' for tackling climate change

But conference speech provides no indication as to what promised strategy would entail, beyond support for new nuclear projects and reforms to curb electricity bills

James Murray
James Murray
clock 08 October 2025 • 6 min read
Conservatives vow to scrap UK carbon tax in latest climate policy U-turn
Politics

Conservatives vow to scrap UK carbon tax in latest climate policy U-turn

Conservative Party unveils plans that suggest it would roll back the UK Emissions Trading Scheme and scrap the Carbon Price Support mechanism, the Renewables Obligation, and Great British Energy

Michael Holder
Michael Holder
clock 06 October 2025 • 7 min read
'An act of economic self-sabotage': Green groups urge Tories to reconsider pledge to scrap Climate Change Act
Politics

'An act of economic self-sabotage': Green groups urge Tories to reconsider pledge to scrap Climate Change Act

EXCLUSIVE: Coalition of charities, including National Trust, WWF, and the RSPB, call on Kemi Badenoch to "reflect on the Conservative Party's proud record of environmental leadership"

James Murray
James Murray
clock 06 October 2025 • 4 min read