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BP share price sinks, clean-up costs rise

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BP share price sinks, clean-up costs rise


As BP counts the cost of the devastating US oil spill, Louisiana’s wetlands continue to pay a heavy price.

The clean-up operation could set BP back 820 million euros, according to current estimates.

With the latest attempts to plug the leak ending in failure, local officials have been left to limit the damage to the state’s ecosystems.

“The crews are out here tirelessly day in day out in the hot sun physically wiping them off with absorbent pads, trying to save as much as they can,” said Nyx Cangemi, a spokesman for the Louisiana coastguard.

“Out here particularly, it’s all about minimizing that impact, but grass is going to die,” he added.

Around 100 miles of Louisiana’s coastline has been affected by the spill and forecasters say strong winds could also spell bad news for Alabama and Mississippi.

Keen to calm angry residents, the British oil giant has vowed it is doing all it can to bring an end to the environmental catastrophe.

BP spokesman Mike Abendhoff said the company had “been bringing in resources from all over the world to both protect the shoreline and contain and recover what’s been spilled.”

Investors will also be keeping tabs on its progress The price of BP shares have dropped by a third since the start of the crisis .

Meanwhile, the White House has announced ordered an investigation into the oil spill.

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