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3rd phase of BP oil-spill trial now under way

Saturday, 24 January 2015 01:46
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Government witness says BP can pay high fine
Thursday, 22 January 2015 12:14
NEW ORLEANS (AP) — A financial expert testifying for the government Friday said BP is financially able to pay a Clean Water Act penalty as high as $13.7 billion — the maximum federal authorities are seeking from the oil giant for the 2010 Gulf of Mexico oil spill. Ian Ratner testified Friday for the U.S.
BP spill’s economic harm discussed on day 3 of penalty trial
Thursday, 22 January 2015 04:16
NEW ORLEANS (AP) — A government witness in a trial to determine civil penalties against BP for the 2010 Gulf of Mexico oil spill says the disaster hurt a wide array of industries over a broad geographic area. Charles Mason also testified Thursday that the harm was only modestly countered by BP’s spending and investment in the region. U.S.
BP Judge Urged to Impose $11.7 Billion-Plus Spill Fine
Wednesday, 21 January 2015 16:21
BP Plc (BP/)’s exploration unit should be fined atleast $11.7 billion, or more than triple what the company setaside, for its role in causing the largest offshore oil spill inU.S. history, a government lawyer told the judge who willdetermine the penalty. Anadarko Petroleum Corp. (APC), owner of 25 percent of the doomedMacondo well that blew out in April 2010, should be fined morethan $1 billion, Justice Department lawyer Steven O’Rourke saidtoday at the trial in…
BP spill's economic harm discussed on day 3 of penalty trial
Wednesday, 21 January 2015 12:46
NEW ORLEANS (AP) — A government witness in a trial to determine civil penalties against BP for the 2010 Gulf of Mexico oil spill says the disaster hurt a wide array of industries over a broad geographic area. Charles Mason also testified Thursday that the harm was only modestly countered by BP's spending and investment in the region.
BP oil spill rippled through 'fabric of Gulf Coast economy,' witness testifies
Wednesday, 21 January 2015 11:24
The 2010 Gulf of Mexico oil spill took an economic toll that "reached out into the fabric of the entire Gulf Coast economy," an impact only modestly countered by BP's spending and investment in the region, an economic expert testified on Thursday (Jan. 22). Economist Charles Mason was among the parade of witnesses the U.S. government has called upon as the penalty phase of the civil trial over the 2010 oil spill continues.
Will BP oil spill change how companies drill?
Tuesday, 20 January 2015 22:08
GuestsAntonia Juhasz:Analyst, journalist and author of "Black Tide: The Devastating Impact of the Gulf Oil Spill"Hari Osofsky:Professor of law and faculty director of the Energy Transition Lab at the University of MinnesotaBP could face up to $13.7 billion in fines—the maximum under federal law—in the third and final phase of its trial over the 2010 Gulf Coast Oil spill. From Reuters:
Past, future effects of oil argued in BP penalty trial
Tuesday, 20 January 2015 06:42
NEW ORLEANS (AP) -- The 2010 BP oil spill's long-term effects on Gulf of Mexico sea life and coastal marshes remain uncertain, an environmental expert testified Wednesday as federal attorneys laid out their case for penalties against the oil corporation that could hit $13.7 billion. Donald Boesch, a professor at the University of Maryland, testified for the Justice Department, which is pressing for high penalties against the oil giant.
BP ask for lower fine in oil spill trial
Monday, 19 January 2015 22:00
BP ask for lower fine in oil spill trial Wednesday, January 21 09:36:40 BP Plc, citing low oil prices, tried to whittle away at $13.7 billion in potential fines under the Clean Water Act on Tuesday as the penalty phase started in its trial over the 2010 Gulf of Mexico oil spill. BP said its fine should be modest as it took extensive steps to mitigate the worst offshore disaster in U.S.
BP asks for lower fine from Gulf spill
Monday, 19 January 2015 10:18
Brock said the penalties should take into account BPXP's ability to pay, and not be tied to the balance sheet of its parent company. He said a 60 percent drop in oil prices since June has slashed BPXP's value to about $5.1 billion, down from $16 billion just months ago. Read MoreThe future of energy—it's not just about oil prices
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