fbpx
News
January 20, 2015

Bloomberg: Settlement Likely Over Gulf Oil Spill


The Gulf Oil Spill resulted in about 25 percent less oil being spilled, according to a federal judge’s ruling last week. That ruling, according to a Bloomberg column, is likely to trigger a settlement by BP with the government.

A federal judge ruled on January 15 that any penalty will be based on the size of the spill, which he said was about 25 percent less than estimated by the government. That ruling “reduced the potential maximum” fines for the spill to $13.7 billion from $18 billion.”

That, write the columnists, increases the “incentives” for a settlement.

Read the full story here.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings