Home » NEWS » BP meets oil-spill payment deadline

BP meets oil-spill payment deadline

WASHINGTON — BP has met its July 1 deadline to pay the federal government for the initial costs of responding to the Gulf oil spill.

The Obama administration says BP paid two bills totaling about $71 million earlier this month. The government had set a Thursday deadline for the largest of the two bills, which charged the company $69 million.

The administration says the oil company is still reviewing and processing a third bill for $51.4 million. The White House has long said that as the responsible party, BP must pay all costs associated with the response to the spill.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*