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Page added on February 20, 2013
BP Wins U.S. Agreement to Cut Potential Spill Fine by $3.4 Billion
BP PLC ( BP ) is seeking to reduce by as much as $3.4 billion the amount it could be fined as a result of an oil spill in the Gulf of Mexico in 2010, Bloomberg News reported Friday on its website.
The U.K. company is seeking credit for the collection of 800,000 barrels of oil spilled in the incident, according to a court filing.
Analysts have estimated that BP’s fines under the Clean Water Act could range from about $5 billion to about $20 billion.
4 Comments on "BP Wins U.S. Agreement to Cut Potential Spill Fine by $3.4 Billion"
DC on Wed, 20th Feb 2013 1:23 am
RoFL! I sure didnt that one coming. How about next years head-line.
‘BP wins agreement to reduce ‘potential’ fine to…..nothing.’
BillT on Wed, 20th Feb 2013 1:33 am
BP will never pay any fine. The Exxon Valdez disaster is 20 years old and they have not paid either.
DC on Wed, 20th Feb 2013 2:36 am
Aint that the truth….
Feemer on Wed, 20th Feb 2013 3:25 am
they should have to pay extreme amounts of money, whatever the actual cost is, they should just add a few billion, and put it towards environmental projects