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BP loses bid to cap fine for oil spill

Published Fri, Feb 20, 2015 · 09:50 PM

New York

A US judge on Thursday rejected BP plc's attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay US$13.7 billion under the federal Clean Water Act.

US District Judge Carl Barbier in New Orleans agreed with the federal government that the maximum civil penalty that BP could face is US$4,300 per barrel spilled.

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