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Wed Feb 20, 2013, 04:23 PM

 

Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn

http://www.guardian.co.uk/environment/2013/feb/20/justice-department-bp-fine-reduced?CMP=twt_fd


BP has shaved $3.4bn off the maximum fine for the 2010 Gulf of Mexico oil disaster.

A court order, handed down by a judge in New Orleans, means BP will no longer be liable for a maximum of $21bn in fines at next week's civil trial after a judge ruled the oil company would not have to pay for 810,000 barrels of oil collected at the source of the broken well.

The oil company had been facing up to $21bn in fines in the civil case, based on the amount of oil that gushed into the Gulf following the fatal blowout of its well.

The federal government estimates that about 4.9m barrels of oils were released before BP engineers sealed off the well three months later.

(More at the link.)

13 replies, 728 views

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Reply Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn (Original post)
Fire Walk With Me Feb 2013 OP
JustAnotherGen Feb 2013 #1
jsr Feb 2013 #2
KoKo Feb 2013 #3
Scuba Feb 2013 #4
joeybee12 Feb 2013 #5
indepat Feb 2013 #8
raouldukelives Feb 2013 #11
yardwork Feb 2013 #6
Solly Mack Feb 2013 #7
ProfessionalLeftist Feb 2013 #9
sakabatou Feb 2013 #10
Demo_Chris Feb 2013 #12
Rex Feb 2013 #13

Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 04:24 PM

1. That's bullshit

We NEED that money. And we need it now.

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 04:27 PM

2. Awesome! BP has suffered so much.

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 04:32 PM

3. Article says they felt they shouldn't be charged for the oil they

"collected" at the well site before it mixed with the ocean.

I wonder if they can prove they collected that oil? Still Justice Dept. and Judge let them claim that.

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 05:04 PM

4. They did a trillion dollars worth of damage. Their assets should have been seized ...

... and their executives jailed.

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Response to Scuba (Reply #4)

Wed Feb 20, 2013, 05:07 PM

5. +1

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Response to Scuba (Reply #4)

Wed Feb 20, 2013, 05:18 PM

8. Hear! Hear! Surely the public is tiring of large corporations getting just a slap

on the wrist for committing egregious crimes/unfathomable damage.

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Response to indepat (Reply #8)

Wed Feb 20, 2013, 06:10 PM

11. Nope, according to the guy from Fidelity I spoke with

People are actually increasing their private donations to the funds he peddles to achieve corporate causes and share in the proceeds. I'm pretty much convinced it'll never be too horrible for them as long as they can count on getting some of it themselves.

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 05:11 PM

6. This makes me very angry with the Justice Department. This is wrong.

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 05:16 PM

7. How nice for them.

Damn

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 05:24 PM

9. Should have been criminal, not civil charges. n/t

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 06:05 PM

10. WTF?!

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 06:12 PM

12. And what's left is a tax write off anyway, so they pay nothing. You do

 

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Response to Fire Walk With Me (Original post)

Wed Feb 20, 2013, 06:32 PM

13. Who does the JD work for again I forget?

Dick Cheney still in charge?

The fine should be 200 billion.

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