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Friday, September 5, 2014

BP Faces up to $18 Billion in Fines for Gross Negligence Over Deepwater Horizon

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BP was yesterday found guilty of being “grossly negligent” and “reckless” in the 2010 Deepwater Horizon oil rig blowout. The blowout killed 11 workers and caused the massive Gulf of Mexico oil spill that was the worst offshore environmental disaster in U.S. history. In the latest phase of the ongoing trial investigating BP’s liability for the incident, Louisiana District Judge Carl Barbier’s ruling means the U.K. oil company could be liable for up to $18 billion in additional fines under the Clean Water Act, on top of the $43 billion in charges the company already anticipated.


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