2014-09-05 17:45:00
BP: $18 BLN
BP acted with gross negligence and wilful misconduct in the Deepwater Horizon disaster, exposing it to penalties of up to $18bn, a US court has ruled.
In the first major ruling on the 2010 disaster that killed 11 men and caused the world's largest offshore oil spill, the US District Court in New Orleans said that BP employees had acted "recklessly" in failing to conduct a proper test of its Macondo well to check for leaks.
The judge's conclusions in the civil case over the spill mean that the UK oil company faces the highest level of penalties under the Clean Water Act, of up to $4,300 per barrel spilled.
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