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BP left holding tab for oil catastrophe

<p><b>VENICE, LOUISIANA.</b> Energy giant BP was under siege yesterday over the catastrophic oil spill from its ruptured Gulf of Mexico well, as its shares fell and the U.S. government pressed it to try to limit a major environmental disaster.</p>

VENICE, LOUISIANA. Energy giant BP was under siege yesterday over the catastrophic oil spill from its ruptured Gulf of Mexico well, as its shares fell and the U.S. government pressed it to try to limit a major environmental disaster.


As a huge oil slick advanced toward the Gulf Coast shoreline, the London-based company came under increasing pressure to do more to stop, or at least control, what is fast turning into the worst oil spillage in U.S. history.


Comments by U.S. Attorney General Eric Holder that the Justice Department was involved in the investigation of the incident raised the specter of wide liability for BP over the spill after an April 20 explosion at a rig drilling its well.


The White House again stressed President Barack Obama’s commitment to ensuring BP pay the price.


“The commitment the president made yesterday is the responsible party will pay for this and that responsible party is BP,” spokesman Robert Gibbs said. reuters

 
 
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