Anadarko argues against $1B penalty in 2010 Gulf oil spill
NEW ORLEANS - A trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill - which could reach $13.7 billion - has ended in New Orleans, but a decision from the judge is not expected for months.
The trial closed Monday after two weeks of testimony and arguments by lawyers for the Justice Department, which is pushing for a high penalty, and BP, which wants a lower figure. Anadarko Petroleum Corp., a minority owner of the ill-fated well, was also part of the proceeding and is fighting the government's push for more than $1 billion in penalties.
The trial ended a bit earlier than expected, in part because a BP financial expert was unavailable to testify.