BP turns to partners and Middle East investors to help cover spill costs

clock • 2 min read

Oil giant is reportedly in talks with sovereign wealth funds and seeking around $400m from companies with a stake in the leaking well

BP today announced that costs arising from the oil spill disaster in the Gulf of Mexico have hit $3.12bn (£2bn), as reports emerged that the company is looking to both its partners and a number of Middle...

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

More on Investment

How will the world fund its future? Brazil's push for blended finance in a new era of climate infrastructure

How will the world fund its future? Brazil's push for blended finance in a new era of climate infrastructure

COP30 offers a chance to harness blended finance, carbon markets and national climate plans to accelerate climate action worldwide, writes AECOM's Robert Spencer

Robert Spencer, AECOM
clock 17 November 2025 • 5 min read
SSE unveils £33bn grid, renewables, and flexible generation investment plan

SSE unveils £33bn grid, renewables, and flexible generation investment plan

Energy giant sets out 'fully funded' five year capital investment plan to bolster grid and build 'cleaner, more secure, and more affordable energy system'

Michael Holder
clock 14 November 2025 • 2 min read
UK Export Finance agrees clean energy deal with Brazil's export credit agency

UK Export Finance agrees clean energy deal with Brazil's export credit agency

Government's export credit agency inks alliance that aims to boost exports of UK and Brazilian clean tech

BusinessGreen staff
clock 13 November 2025 • 3 min read