Gulf of Mexico Oil Spill Blog $4,300 Per Barrel

$4,300 Per Barrel


BP Is Planning to Challenge Estimates of Oil Spill

Clean-Water-Act-HandbookBP intends to challenge official government estimates of how much oil leaked from its runaway well in the Gulf of Mexico, a move that could reduce its legal liability by billions of dollars, according to documents the company filed with the presidential commission investigating the spill.

In August, federal scientists estimated that 4.9 million barrels of oil had leaked from the well before it was capped on July 15, a figure that BP now argues is 20 to 50 percent too high. Under the Clean Water Act, BP faces fines of up to $21 billion, or $4,300 per barrel, if courts determine that it acted with gross negligence before the accident.

source: Yall Politics

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