The Business Times
SUBSCRIBERS

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 …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here