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Gulf of Mexico oil spill: BP loses bid to reduce fine

  • Oil giant BP has lost it bid to lower the $13.7 billion civil fine it could face for the Gulf of Mexico oil spill in 2010. As per media reports, the company’s appeal, seeking to pay $3,000 per barrel spilled under the Clean Water Act, was rejected by a US judge. Government prosecutors want BP to pay $4,300 for every barrel spilled, taking inflation into account. 

    An explosion on the Deepwater Horizon rig in 2010 led to the death of 11 workers and the biggest oil spill in American history.

     

    Tagged as: BP, civil fine, Gulf of Mexico oil spill, Clean Water Act, US judge, Deepwater Horizon, oil spill, business news