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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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BP could face $18bn in extra fines after US ruling Gulf Mexico spill

2014-09-04 23:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP could face up to $18bn (11bn) in further fines after being found guilty of gross negligence for the Deepwater Horizon blowout that killed 11 workers and led to millions of barrels of oil spewing into the Gulf of Mexico. The oil firm had repeatedly expressed confidence it could avoid such a damning verdict over America's biggest offshore oil accident but a US district judge, Carl Barbier, ruled on Thursday that BP had been reckless as well as negligent. The long-awaited decision from the...

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'Worst Case' BP Ruling on Spill Means Billions More in Fines

2014-09-04 23:28:28| Oil & Gas - Topix.net

BP Plc faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company's efforts to expand its drilling program as costs rise and production slips. In a turning point after four years of legal wrangling over responsibility, U.S. District Judge Carl Barbier's ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S. history.

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