LONDON – Shares in BP PLC are plunging in London after the oil company’s failed attempt to block the oil leak in the Gulf of Mexico.
Shares fell 13 percent Tuesday to $6.20 on the London Stock Exchange. It is the first day of trading there since the failed attempt over the weekend.
BP also said that costs for the spill have reached $990 million.
The company is now attempting to use remote-controlled submarines to cut pipes before placing a containment cap over the leak. The spill, which has already dumped between 19.7 million and 43 million gallons, according to government estimates, is the biggest in US history.
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