The nearly $1 billion spent so far on oil spill cleanup in the Gulf of Mexico is just the beginning, according to a Credit Suisse analysis. Total costs could run in the tens of billions of dollars, with cleanup accounting for only half the bill. Economic damage to the fishing and tourism industries is projected to be steep. Under U.S. law, the costs of cleanup and damages are shared by the leaseholders: BP (65%), Anadarko Petroleum (25%) and Mitsui (10%).
SOURCE: Credit Suisse analysis | By Karen Yourish and Laura Stanton - The Washington Post - June 6, 2010