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Storm to hurt Gulf cleanup as New York Fed checks on BP risk

Mon, 06/28/2010 - 7:26pm
Reuters

HOUSTON (Reuters) - A gathering storm was set to delay efforts to capture more oil gushing into the Gulf of Mexico, even as BP Plc said on Monday a relief well being drilled to end the leak for good was within 20 feet of the blown-out well.

Separately, the New York Federal Reserve has been checking firms' exposure to the London-based energy giant to ensure the crisis, now into its 70th day, won't create another type of toxic spill -- to the global financial system.

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