BP tells Congress not to restrict offshore drilling

The World

BP has said that they have spent $8 billion so far on the response to the oil spill in the Gulf of Mexico. Now, BP is warning Congress that it may not be able to afford payments for damages going forward if lawmakers pass legislation to bar the company from getting new offshore drilling permits. Clifford Krauss, a national business reporter with The New York Times details the latest in the Gulf and looks at whether the company is really facing financial risk.

Invest in independent global news

The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!