MOP Environmental Solutions (MOPN)

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BP says oil spill costs now $450 million
NEW ORLEANS - British Petroleum said Thursday its costs for fighting a massive oil spill in the Gulf of Mexico have risen by $100 million in three days to total about $450 million.

London-based BP PLC said in a filing to the U.S. Securities and Exchange Commission that the tab includes money it has given to the coastal states of Louisiana, Mississippi, Alabama and Florida and to the federal government for their responses.

The costs also include efforts to contain the crude, ongoing work to drill a relief well, money it has given to Gulf Coast states, settlements and federal costs.

BP's chief operating officer Doug Suttles said Wednesday the price tag increases at least $10 million a day. There is a need for of booms,and new clean-up materials are being looked at to mop up oil and help states to clean up shorlines.BP did not immediately respond to a message Thursday to clarify details of the new total.

Shares of BP have fallen about 20 per cent on the New York Stock Exchange since the oil rig accident.