Billions in federal penalties at issue in BP spill trial
NEW ORLEANS - A federal trial beginning in New Orleans is aimed at determining how much money BP should pay in Clean Water Act penalties as a result of the 2010 Gulf Oil Spill.
Government lawyers at the trial opening Tuesday will be arguing for maximum penalties that could reached: $13.7 billion. BP is expected to argue for a much lower penalty. The oil giant points to some $42 billion in costs it already has incurred, including a $14 billion response and cleanup effort, plus environmental mitigation costs, criminal penalties and settlements with businesses affected by the spill.
U.S. District Judge Carl Barbier is presiding over the case. The trial is expected to take three weeks and a ruling isn't expected for months.