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kpete

(71,984 posts)
Mon Jun 29, 2015, 10:15 AM Jun 2015

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 BP’s 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 judge’s 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

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BP, Anadarko Rejected by U.S. Supreme Court on Gulf Spill Fines (Original Post) kpete Jun 2015 OP
K&R. Here's hoping that the fine is just enormous enough to not be overturned! JudyM Jun 2015 #1
Sock it to 'em lark Jun 2015 #2
Sorry :PPPPPPPPPPPPPttttttttttttttthhhhhhhhhhhhhhh to that. cstanleytech Jun 2015 #4
Good. $13 Billion is the minimum BP should pay. SunSeeker Jun 2015 #3
How about Halliburton? sadoldgirl Jun 2015 #5

JudyM

(29,233 posts)
1. K&R. Here's hoping that the fine is just enormous enough to not be overturned!
Mon Jun 29, 2015, 02:54 PM
Jun 2015

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.

cstanleytech

(26,281 posts)
4. Sorry :PPPPPPPPPPPPPttttttttttttttthhhhhhhhhhhhhhh to that.
Mon Jun 29, 2015, 06:26 PM
Jun 2015

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.

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