BP, Anadarko Rejected by U.S. Supreme Court on Gulf Spill Fines
Source: Bloomberg
The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp., leaving intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
The federal government is seeking as much as $13.7 billion in civil fines from BP and more than $1 billion from Anadarko. The offshore spill, caused by the explosion of BPs Deepwater Horizon oil rig, was the largest in U.S. history, releasing millions of barrels of oil into the Gulf.
U.S. District Judge Carl Barbier in New Orleans could say any day what fine he will impose on BP and Anadarko. Supreme Court intervention might have delayed that ruling.
An earlier order by Barbier was at issue in the Supreme Court appeal. A federal appeals court last year upheld the judges conclusion that BP and Anadarko were automatically liable as co-owners of the well.
Read more: http://www.bloomberg.com/politics/articles/2015-06-29/bp-anadarko-rejected-by-top-u-s-court-on-gulf-spill-fines
JudyM
(29,233 posts)Send a shiver down the spines of all the other companies and make them jump-to in improving safety of all their equipment and processes.
lark
(23,091 posts)of course in an even-handed proof filled way that will be very hard to overturn.
cstanleytech
(26,281 posts)No, not because I disagree with you but because 13 billion is a drop in the bucket compared to their revenue which was 358.7 billion last year.
SunSeeker
(51,550 posts)sadoldgirl
(3,431 posts)Were they not involved as well?