BP Shares continue to fall
Following the recent oil spill in the gulf of Mexico, BP’s shares have fallen almost 40%. President Obama launched an attack on BP on Tuesday 8th of May stating he would sack the chief executive of BP if he could. President Obama has called for the chief executive of BP to step down as soon as the oil leak has been stopped. Mr Hayward, the chief executive, has said his company will clean up the oil spill and return the Gulf of Mexico to the position it was in before. BP have announced that the clean-up operation has so far cost $1.25 Billion. Oil has been spilling into the Gulf since the 20th of April. At least 20 Million Gallons of oil have now spilled into the Gulf of Mexico making this the worst environmental disaster in US history. BP have also said they will donate money to wildlife protection in the affected areas by selling off recovered oil from the spill.
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