BP FULL LIABILITY $13.7 BLN
The U.S. Supreme Court refused to hear an appeal from oil majors BP and Anadarko Petroleum leaving intact a lower court ruling that makes the firms potentially liable for billions of dollars in fines for the disastrous oil spill in the Gulf of Mexico in 2010.
The high court decided to let a ruling by U.S. District Judge Carl Barbier that BP and Anadarko were automatically liable as co-owners of the Deepwater Horizon oil rig stand. A decision to consider the case could have resulted in a delay in Barbier's anticipated ruling on a government request for up to $13.7 billion in civil fines from BP and over $1 billion from Anadarko.
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