The cost of doing business
The White House sends BP a bill for $69.09 million
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Just in from the White House: “The Obama Administration today sent a preliminary bill for $69.09 million to BP and other responsible parties for response and recovery operations relating to the BP/Deepwater Horizon Oil Spill. The Administration will continue to bill BP regularly for all associated costs to ensure the Oil Spill Liability Trust Fund is reimbursed on an ongoing basis.”
BP’s 2009 profits: $14 billion in a bad year.