BP says it will pay 'necessary and appropriate' oil costs

3rd May 2010, Comments 0 comments

Energy giant BP said in a statement Monday that it would pay "all necessary and appropriate clean-up costs" from the US oil pollution disaster.

"BP takes responsibility for responding to the Deepwater Horizon oil spill. We will clean it up," said the statement.

Oil from beneath a rig which exploded and overturned in the Gulf of Mexico has formed a huge slick now coming ashore on the US Gulf coast. The cost has been estimated at several billion dollars.

"BP has established a robust process to manage claims resulting from the Deepwater Horizon incident," said the statement posted on a site devoted to the official response to the disaster.

"BP will pay all necessary and appropriate clean-up costs."

The company said it was "committed to pay legitimate and objectively verifiable claims for other loss and damage caused by the spill - this may include claims for assessment, mitigation and clean up of spilled oil, real and property damage caused by the oil, personal injury caused by the spill, commercial losses including loss of earnings/profit and other losses as contemplated by applicable laws and regulations."

© 2010 AFP

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