BP faces billions in fines as spill trial nears - Fox29 WFLX TV, West Palm Beach, FL-news & weather

BP faces billions in fines as spill trial nears

NEW ORLEANS (AP) -- A trial is slated to open Monday over the catastrophic 2010 oil spill in the Gulf of Mexico, and lawyers, executives and public officials are spending the waning days in settlement talks.

Holed up in small groups inside law offices, war rooms and hotel suites in New Orleans and Washington, they are trying to put a number on what BP and its partners in the doomed Macondo well project should pay to make up for the worst offshore spill in U.S. history.

It is a complex equation, and the answer is proving elusive.

If the judge sides with plaintiffs on the amount of oil spilled and determines BP was grossly negligent, the company conceivably could face up to $52 billion in environmental fines and compensation alone, according to an Associated Press analysis.

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.