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Jul 5, 2010 12:56 PM by Matt Stafford

Oil leak costs for BP top $3 billion

BP says that it has now spent more than $3 billion in attempts to stop an oil leak in the Gulf of Mexico and to settle damage claims.

The oil company said Monday that is has spent $3.12 billion so far in responding to the spill, attempting to contain oil, paying claims and reimbursing the U.S. and local governments.

BP says it has spent $147 million settling 47,000 claims for payment - or about half of the claims submitted so far.

The spill began April 20 with an explosion and fire aboard the Deepwater Horizon platform, killing 11 workers.

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