Gulf oil spill at Deepwater Horizon threatens $8bn clean-up and an ecological oil slick disaster for the US

Guardian: Twelve months ago BP dismissed the possibility that a catastrophic accident could happen at its offshore rig Deepwater Horizon, it emerged yesterday. An exploration plan and environmental impact analysis for the well, produced by the company in 2009, concluded that it was virtually impossible for there to be a giant crude oil spill from it. Now City experts say that the accident could cost the company up to $8bn (£5.23bn) to clear up the slick. The US Coast Guard has estimated that 6m ......

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