After the oil spill off the coast of The Gulf of Mexico, this has spread to be 3 times the amount of the Exxon Valdez spill in 1989."More trouble lies ahead for BP as it may face the specter of EPA fines of $1,100 per gallon or up to $4,300 if gross negligence was found to cause the spill. The total costs for BP could exceed by some estimates over $25 billion, far eclipsing the $3.8 billion costs for the Exxon Valdez spill.
How BP handles these costs will be a true measure of the company. BP has come under fire for its early handling of the financial settlements from individuals. Alabama's Attorney General Troy King on Sunday said he told BP to stop encouraging settlement agreements among coastal residents that he said stripped people of their right to sue in exchange for a $5,000 settlement."
Read more: http://www.greenbiz.com/blog/2010/05/28/bps-moment-truth?page=0%2C1#ixzz0pZFk17Ad
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