• BP Oil Spill Costs Top $3 Billion

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    Britain BP

    LONDON — BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

    The oil company said Monday that is has spent $3.12 billion so far in responding to the spill, attempting to contain oil, paying claims and reimbursing the U.S. and local governments.

    BP says it has spent $147 million settling 47,000 claims for payment — or about half of the claims submitted so far.

    Click below to view photos of the oil spill:

    The spill began April 20 with an explosion and fire aboard the Deepwater Horizon platform, killing 11 workers.

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