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BP could face up to $18bn in extra fines after US ruling on Gulf of Mexico spill
Friday, September 5, 2014 9:19
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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 New Orleans court hit the firm’s share price – which fell by 5%, wiping more than £5bn off its stock market value – despite BP promising to launch an appeal …. http://www.theguardian.com
Source: http://luismmx.blogspot.com/2014/09/bp-could-face-up-to-18bn-in-extra-fines.html
