On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
48° Feels Like: 48°
Wind: ENE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 62°

Tonight

Partly Cloudy 47°

Tomorrow

Mostly Sunny 70°

Alerts

Oil spill could cost BP over $4.6 billion: report

LONDON (Reuters) -The huge oil spillage in the Gulf of Mexico could cost British energy giant BP <BP.L> over 3 billion pounds ($4.6 billion) in containment and clean-up expenses, according to the Mail on Sunday.

The report said BP's own insurance company Jupiter had laid off some catastrophe risk to larger reinsurers such as Lloyd's of London, Swiss Re or Munich Re <MUVGn.DE>.

A ruptured deepwater well last month spilled millions of liters of oil into the Gulf of Mexico, spreading to the coast of Louisiana, threatening fish and shrimp breeding grounds and vulnerable wetlands teeming with wildlife.

The Sunday Telegraph added that BP had received several notices of legal action over the explosion on April 20 in which 11 men were killed.

(Reporting by Rhys Jones)

($1=.6510 pounds)

Comments