“A U.S. judge has decided that BP Plc was ‘grossly negligent’ and ‘reckless’ in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $ 18 billion in fines to more than $ 42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. Barbier ruled that BP was mostly at fault and that two other companies in the case, Transocean Ltd and Halliburton, were not as much to blame. The amount is far more than the $ 4.5 billion maximum fine that could have been levied under a simple ‘negligence’ ruling. BP has set aside only $ 3.5 billion for fines under the Clean Water Act.”
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