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BP 'grossly negligent' in 2010 U.S. spill, fines could be $18 billion
2014-09-05 03:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A U.S. judge has decided that BP Plc was grossly negligent and reckless in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. BP said it would appeal Thursdays ruling by U.S. District Judge Carl Barbier in New Orleans, Louisiana, who held a trial without a jury last year to determine who was responsible for the April 20, 2010 rig...
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Israel and Jordan sign 15-year gas supply deal worth potentially $15 billion
2014-09-03 19:00:16| Oil & Gas - Topix.net
If the letter of intent progresses into a full-fledged deal, the Leviathan partners would likely deliver the gas supply across a border location between Israel and Jordan, Noble Energy announced afternoon.
Halliburton to Pay $1.1 Billion Settle Damages in Gulf of Mexico Oil Spill
2014-09-03 04:41:29| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Halliburton, the company contracted by BP to cement the ill-fated Macondo oil well in the Gulf of Mexico, has reached a $1.1 billion settlement with thousands of businesses, individuals and local governments that suffered losses from the 2010 Deepwater Horizon oil rig explosion, the company and plaintiffs announced on Tuesday. The settlement represents a small fraction of the damages paid out by the companies involved in the accident, which left 11 workers dead, spilled millions of gallons of...
Monsanto thinks it can add $4 billion in gross profits by getting farmers to switch to soy
2014-09-03 02:56:58| Chemicals - Topix.net
Monsanto Company wants to make this the "decade of the soybean." And if it succeeds, the agrichemical and biotech company thinks it can reap a windfall of $4 billion in the next five years.
PG&E to be fined $1.4 billion for San Bruno explosion
2014-09-03 00:08:17| Energy - Topix.net
State regulators on Tuesday proposed a $1.4 billion fine to punish PG&E for its role in a fatal natural gas explosion in San Bruno -- but the fines are far less than the $2.25 billion recommended by regulatory staff and consumer groups.
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