The devastating oil spill is not only hurting the environment, but may cost the company $12.5-billion in cleanup efforts, which “would be nearly 80 percent higher than the cost of the Exxon Valdez spill in Alaska in 1989.” Video after the break. Click here for first picture in gallery.

BP is already spending between $6 million and $7 million per day on cleanup. That doesn’t include state and federal spending – including the deployment of thousands of National Guard units to the Gulf – that BP will likely be held responsible for.

[via CSMonitor]