Business BP Found Grossly Negligent in Deepwater Horizon Disaster, Could Pay $18bn in Damages

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BP PLC has been ruled "grossly negligent" in the lead-up to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico by a New Orleans judge in the United States.

According to reports, Judge Carl Barbier said BP should shoulder 67% of the blame for the 2010 spill, with drilling rig owner Transocean responsible for 30% and cement firm Halliburton responsible for 3%.

He ruled that BP will be "subject to enhanced civil penalties" due to its "gross negligence" and "wilful misconduct".

As a result of the ruling the civil penalties that BP must pay as a result of the spill could quadruple to an estimated $18bn.

The 2010 oil spill was the worst in US history, and BP has set aside $43bn (£26bn) to cover fines, legal settlements, and clean-up costs.

However, BP in a statement said that it "strongly disagrees" with the ruling and that it would appeal to a higher court.

Shares in BP fell 6% after the ruling was announced.

#BP #Mexico #Deepwater #Horizon #NewOrleans #Transocean #Halliburton
 

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