Gulf of Mexico oil leak costs BP US$43b to date

The accounts detail amounts spent and those which are expected to be paid. For instance, $1.1b has been set aside for a 'seafood compensation fund' and another $400,000 is earmarked for 'natural resource damage early restoration projects'. Considerable uncertainty still surrounds the likely final bill. BP says in its statement: 'The cumulative income statement charge does not include amounts for obligations that BP currently considers are not possible to measure reliably. The total amounts that will ultimately be paid by BP in relation to all the obligations relating to the incident are subject to significant uncertainty and the ultimate exposure and cost to BP will be dependent on many factors..... These could have a material impact on our consolidated financial position, results and cash flows.' Source: BP