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"The Gulf Has Waited Long Enough"

Sunday, 18 January 2015 00:30
WASHINGTON, DC--(Marketwired - January 19, 2015) - Tomorrow, the final phase of the BP oil spill civil trial will begin in federal court in New Orleans. This portion of the trial will determine how much BP will be required to pay in Clean Water Act fines for its role in the 2010 Gulf oil disaster. Collin O'Mara, president and CEO of the National Wildlife Federation, said in advance of the trial:
Low Oil Prices to Play Into BP Fine
Saturday, 17 January 2015 08:03
By Daniel Gilbert And Justin Scheck After its oil-well explosion in the Gulf of Mexico in 2010, BP PLC caught one lucky break: Oil prices surged andboosted its cash flow, helping it to cover billions of dollars in legal and oil-spill cleanup costs. Now BP is facing up to $13.7 billion in federal fines--about $10 billion more than it has set aside--in much lesscomfortable economic circumstances now that oil prices have plunged.
Low Oil Prices to Play Into BP Fine
Saturday, 17 January 2015 08:03
By Daniel Gilbert And Justin Scheck After its oil-well explosion in the Gulf of Mexico in 2010, BP PLC caught one lucky break: Oil prices surged andboosted its cash flow, helping it to cover billions of dollars in legal and oil-spill cleanup costs. Now BP is facing up to $13.7 billion in federal fines--about $10 billion more than it has set aside--in much lesscomfortable economic circumstances now that oil prices have plunged.
Judge Trims BP Oil Spill Fine to $13.7B
Friday, 16 January 2015 22:53
BP Plc will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion less than feared, after a judge found on Thursday the size of the spill was smaller than the U.S. government claimed. The ruling by federal magistrate Carl Barbier put the size of the worst offshore spill in U.S.
BP statement on Phase 2 decision in Gulf oil spill trial
Thursday, 15 January 2015 15:56
Posted: Friday, January 16, 2015 11:49 am | Updated: 11:53 am, Fri Jan 16, 2015. BP statement on Phase 2 decision in Gulf oil spill trial Release Date: 15 January 2015 Today the United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case: the quantification of oil spilled and BP’s source control efforts following the accident.
US oil spill finding could cost BP $13.7bn in fines
Thursday, 15 January 2015 14:19
A US judge has said more oil spilled into the Gulf of Mexico following the deadly rig explosion in 2010 than BP estimated — a decision that could potentially cost the oil giant $13.7bn District judge Carl Barbier ruled in New Orleans that 3.19m barrels were discharged into the Gulf after the rig explosion at BP’s Macondo well, one of America’s worst environmental disasters, that killed 11 workers.
BP's Oil Spill Fine Reduced To $13.7 Billion, U.S. Sought $18 Billion
Thursday, 15 January 2015 06:43
Oil giant BP will face a maximum penalty of $13.7 billion for its Deepwater Horizon oil spill in the Gulf of Mexico in 2010. U.S. District Judge Carl Barbier ruled that the spill dumped 3.2 million barrels of oil 41 miles off the Louisiana coast. The U.S. Government's estimation of 4.2 million barrel spill was rejected, along with its pursuit of a maximum fine of $18 billion.
For BP, a $14 Billion Oil Spill Hit Comes as a Relief
Thursday, 15 January 2015 03:57
Things are bleak enough for BP that word of potential liability of only $13.7 billion in an oil pollution trial constitutes good news. In proceedings scheduled to restart in federal court in New Orleans next week, the Justice Department wanted to sock the British-based company with up to $18 billion in damages stemming from the massive April 2010 Gulf of Mexico spill.
BP’s Oil Spill Fines Reduced by Billions
Thursday, 15 January 2015 01:18
Plaquemines Parish Coastal Zone Director P. J. Hahan holds a tri-colored heron after spotting the seriously oiled bird along Queen Bess Island near Grand Isle, Louisiana July 17, 2010. The BP oil spill has been called one of the largest environmental disasters in American history.
BP's Fine For 2010 Oil Spill Capped At $13.7B
Thursday, 15 January 2015 00:32
(Reuters) - BP Plc. will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller than the U.S. government claimed. The ruling by federal magistrate Carl Barbier put the size of the worst offshore spill in U.S. history in 2010 at 3.19 million barrels.

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