06/01/2010 // Louisiana, US // TiffNews10 // News Desk
BP stock took a dive Tuesday amid an announcement by the federal government that there would be investigations into the oil spill in the Gulf. As reported by the Associated Press (AP), stocks fell approximately 15 percent in value as plans for criminal and civil investigations were announced.
Attorney General Eric Holder is quoted by the AP as stating during a visit to Louisiana to assess damage to the Gulf coastline, “We will closely examine the actions of those involved in the spill. If we find evidence of illegal behavior, we will be extremely forceful in our response.”
As noted in the report, BP’s recent attempt to use the “top kill” procedure to stop the spill was halted after reported failure. BP’s Doug Suttles is quoted as stating of continued efforts on Tuesday, “If all goes as planned, within about 24 hours we could have this contained… But we can’t guarantee success.”
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