BP is out of the news, at least for the moment.
But The Independent has collated the numbers relating to the oil leak in the Gulf of Mexico. The only description is mind-boggling.
A sample [see the rest here]:
"$105 billion The total value lost by BP between April and June. Investors saw the worth of their holdings fall to $27.02, representing a loss of almost 54 per cent. In July the company's loss in market value totalled $60bn, a 35 per cent decline since the explosion. BP posted second-quarter losses – the company's first for almost two decades – of $17bn.
$50 million The estimated cost of the PR offensive which was launched by BP at the end of May. The campaign saw Anne Kolton, a former spokesman for the former US vice presidentDick Cheney, hired as head of media relations in the United States and included a series of TV adverts featuring an apologetic Tony Hayward, then CEO of the company, promising to "make this right".
130 The number of lawsuits lodged against BP, Transocean, Cameron International Corporation, or Halliburton Energy Services within a month of Deepwater Horizon's sinking.
220 The number of lawsuits filed against BP alone within two months.
5 The number of New Orleans judges who have had to excuse themselves from hearing oil-spill cases because of conflicts of interest (such as share ownership).
$10 billion The figure at which BP's liability for non-clean-up costs should be capped, according to a group of campaigning Democrats. This would represent a massive increase from the current legal limit of $75m, which was introduced by the Oil Pollution Act of 1990.
$20 billion The size of BP's "oil spill response fund", created following a meeting between BP executives and Barack Obama. Claims on the fund, which is being chaired by Ken Feinberg, began to be accepted on 23 August. Within a week, almost 19,000 were submitted. Around $38.5m in claims has been paid out so far.
193 The number of pages in BP's official investigation into events leading to the Deepwater Horizon fire and subsequent oil spill, as released on their website on last week. The company took some responsibility for the disaster, though it also pointed to the failings of the Transocean drilling company crew, who, they say, incorrectly interpreted a pressure test, and the cement contractors, Halliburton.
23 The number of countries who offered to aid the clean-up efforts. In total, 70 offers were received from across those 23. Eight were accepted, involving the assistance of 12 different countries.
$4 million The amount donated by private charities and companies (many of them oil companies) to tackle the impact of the spill.
$69 billion The bill sent to BP by the Obama administration for the clean up effort.
$10 million The estimated size of former BP CEO Tony Hayward's pension, which is to be paid out in £500,000 annual instalments. He resigned on 26 July with one-year's pay of £1m and was replaced by Bob Dudley, an American citizen.
21 The number of years since the Exxon Valdez spill off the coast of Alaska. Puddles of oil can still be found in Prince William Sound on the state's South Coast. It is not known how long the fallout of Deepwater Horizon will last.
28,400 The number of people, to date, who have been involved in the clean-up operation. More than 4,050 ships and dozens of aircraft continue to work on the project.
$8 billion The estimated total cost of the spill and subsequent clean-up operations to BP. The company plans to sell around $30bn-worth of assets in order to meet its obligations."
But The Independent has collated the numbers relating to the oil leak in the Gulf of Mexico. The only description is mind-boggling.
A sample [see the rest here]:
"$105 billion The total value lost by BP between April and June. Investors saw the worth of their holdings fall to $27.02, representing a loss of almost 54 per cent. In July the company's loss in market value totalled $60bn, a 35 per cent decline since the explosion. BP posted second-quarter losses – the company's first for almost two decades – of $17bn.
$50 million The estimated cost of the PR offensive which was launched by BP at the end of May. The campaign saw Anne Kolton, a former spokesman for the former US vice presidentDick Cheney, hired as head of media relations in the United States and included a series of TV adverts featuring an apologetic Tony Hayward, then CEO of the company, promising to "make this right".
130 The number of lawsuits lodged against BP, Transocean, Cameron International Corporation, or Halliburton Energy Services within a month of Deepwater Horizon's sinking.
220 The number of lawsuits filed against BP alone within two months.
5 The number of New Orleans judges who have had to excuse themselves from hearing oil-spill cases because of conflicts of interest (such as share ownership).
$10 billion The figure at which BP's liability for non-clean-up costs should be capped, according to a group of campaigning Democrats. This would represent a massive increase from the current legal limit of $75m, which was introduced by the Oil Pollution Act of 1990.
$20 billion The size of BP's "oil spill response fund", created following a meeting between BP executives and Barack Obama. Claims on the fund, which is being chaired by Ken Feinberg, began to be accepted on 23 August. Within a week, almost 19,000 were submitted. Around $38.5m in claims has been paid out so far.
193 The number of pages in BP's official investigation into events leading to the Deepwater Horizon fire and subsequent oil spill, as released on their website on last week. The company took some responsibility for the disaster, though it also pointed to the failings of the Transocean drilling company crew, who, they say, incorrectly interpreted a pressure test, and the cement contractors, Halliburton.
23 The number of countries who offered to aid the clean-up efforts. In total, 70 offers were received from across those 23. Eight were accepted, involving the assistance of 12 different countries.
$4 million The amount donated by private charities and companies (many of them oil companies) to tackle the impact of the spill.
$69 billion The bill sent to BP by the Obama administration for the clean up effort.
$10 million The estimated size of former BP CEO Tony Hayward's pension, which is to be paid out in £500,000 annual instalments. He resigned on 26 July with one-year's pay of £1m and was replaced by Bob Dudley, an American citizen.
21 The number of years since the Exxon Valdez spill off the coast of Alaska. Puddles of oil can still be found in Prince William Sound on the state's South Coast. It is not known how long the fallout of Deepwater Horizon will last.
28,400 The number of people, to date, who have been involved in the clean-up operation. More than 4,050 ships and dozens of aircraft continue to work on the project.
$8 billion The estimated total cost of the spill and subsequent clean-up operations to BP. The company plans to sell around $30bn-worth of assets in order to meet its obligations."
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