Wed Feb 20, 2013, 04:23 PM
Fire Walk With Me (38,893 posts)
Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn
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, 770 views
Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn (Original post)
|Fire Walk With Me||Feb 2013||OP|
|Solly Mack||Feb 2013||#7|
Response to Fire Walk With Me (Original post)
Wed Feb 20, 2013, 04:32 PM
KoKo (80,037 posts)
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.
Response to indepat (Reply #8)
Wed Feb 20, 2013, 06:10 PM
raouldukelives (3,416 posts)
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.