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New fines could prompt BP to cut Russia exposure

2014-09-05 10:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could encourage BP to sell off some of its Russian interests, which already look at risk of being dragged into a political standoff between Moscow and the West. Shares in the British oil group dropped sharply on Thursday after a U.S. judge ruled it was "grossly negligent" in the April 2010 rig explosion and spill that killed 11 workers. A day later, many analysts said the fall was overdone, pointing out the...

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