This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/30843282
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
BP oil spill smaller than feared, judge rules | BP oil spill smaller than feared, judge rules |
(less than a minute earlier) | |
BP faces a fine of up to $13.7bn (£9bn) after a US judge ruled that the 2010 Gulf of Mexico oil spill was smaller than initially feared. | BP faces a fine of up to $13.7bn (£9bn) after a US judge ruled that the 2010 Gulf of Mexico oil spill was smaller than initially feared. |
His ruling put the spill at 3.2 million barrels - the US government had estimated it at 4.09 million barrels. | His ruling put the spill at 3.2 million barrels - the US government had estimated it at 4.09 million barrels. |
It shields the oil giant from what could have been a $17.6bn fine. A final figure is expected later this month. | It shields the oil giant from what could have been a $17.6bn fine. A final figure is expected later this month. |
The case relating to the aftermath of the Deepwater Horizon drilling rig explosion was heard in New Orleans. | The case relating to the aftermath of the Deepwater Horizon drilling rig explosion was heard in New Orleans. |
In his ruling the judge said BP's response to the disaster had not been grossly negligent. | In his ruling the judge said BP's response to the disaster had not been grossly negligent. |
However, he stuck to his earlier decision that it had been grossly negligent leading up to the explosion, in which 11 men aboard the drilling rig were killed. | However, he stuck to his earlier decision that it had been grossly negligent leading up to the explosion, in which 11 men aboard the drilling rig were killed. |
BP is appealing against that decision. | BP is appealing against that decision. |
These latest penalties under the US Clean Water Act would be in addition to more than $42bn BP has set aside or spent already on clean-up, compensation and fines. | These latest penalties under the US Clean Water Act would be in addition to more than $42bn BP has set aside or spent already on clean-up, compensation and fines. |
The company has sold at least $39bn in assets since the spill. | The company has sold at least $39bn in assets since the spill. |
In 2012, BP accepted criminal responsibility for the disaster and agreed to pay $4.5bn to the US government, thus settling its criminal liability in the spill. | In 2012, BP accepted criminal responsibility for the disaster and agreed to pay $4.5bn to the US government, thus settling its criminal liability in the spill. |
These latest legal efforts have focused on the amount of civil penalties the firm must pay, both to businesses and individuals affected by the spill and to cover environmental clean-up costs. | These latest legal efforts have focused on the amount of civil penalties the firm must pay, both to businesses and individuals affected by the spill and to cover environmental clean-up costs. |
In a short statement released on Friday, BP said that it "is continuing to review the court's decision". | In a short statement released on Friday, BP said that it "is continuing to review the court's decision". |
US-listed shares of BP rose about 1% to $36.20 in after-hours trading. | US-listed shares of BP rose about 1% to $36.20 in after-hours trading. |
Previous version
1
Next version