Act Clean Technologies Inc. (fka ACLH)

[balamidas]

BP says progress in effort to contain oil spill

Mon May 17, 2010 1:35am EDT




By Steve Gorman

GALLIANO, La., May 17 (Reuters) - Energy giant BP was making some progress on Monday with its efforts to contain the oil gushing forth from a ruptured well in the Gulf of Mexico,

But the stakes are high amid fears of an ecological and economic calamity along the U.S. Gulf Coast. Investors have already knocked around $30 billion off BP's (BP.L) value and its share price will be closely watched this week.

After several tough weeks, this is shaping up to be another rough one for the company. A U.S Labor Department official told the Financial Times that BP has a "systematic safety problem" at its refineries.

http://www.reuters.com/article/idUSN1722172220100517