Damages phase of BP gulf spill trial set for Jan

An activist shows a banner against British Petroleum in a protest against the BP oil spill in the Gulf of Mexico, in Milan July 27, 2010. BP faces fines of up to US$17bil, an amount more than BP's profit in 2013 of US$13.4bil for the 2010 oil spill - Reuters.

HOUSTON: The high-stakes penalty phase of BP's trial over its role in the 2010 US Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line.

Fines under the Clean Water Act could top US$17bil, an amount more than BP's profit in 2013, which after items was US$13.4bil.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

BP , oil , gulf , oil spill , court , damages


Next In Business News

Oil steadies, paring gains as rising COVID cases spur demand worries Premium
Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020 Premium
US-listed Chinese shares take a hit as Didi to exit NYSE Premium
Didi shares plunge more than 20% on plan to delist from NYSE Premium
Wall St ends lower on Omicron worries, Fed taper angst Premium
Micro impact of new variant? Premium
Mixed views on FGV despite Q3 comeback Premium
EG Industries prepares for increased higher-margin orders Premium
Malaysia’s e-commerce gaining momentum Premium
Phillip Futures to offer stockbroking services Premium

Others Also Read