Ruling may mean $18B in more fines for oil giant BP

Civil society group members, environmentalists, fishermen, and other people who make a living near the Gulf of Mexico celebrated the U.S. District Judge Carl Barbier’s ruling on September 4 that London-based oil giant BP Plc acted with gross negligence when it caused 4.2 million barrels, or 176 million gallons, of oil to spill into the Gulf, the Associated Press reported.

This could mean additional fines of $18 billion for BP. Barbier further ruled that BP bears 67% of the responsibility for the oil spill; Swiss-based drilling rig owner Transocean Ltd., 30%; and Houston, Texas-based cement contractor Halliburton Energy Services, 3%.

BP earned $24 billion in profits in 2013 but may be forced to sell some of its assets to pay the additional fines, analysts said.

You have the right to pursue financial compensation from BP if your business and way of life has been impacted by the Gulf of Mexico oil spill in 2010. Call the attorneys of Williams Kherkher today at 800-821-1544 to begin taking legal action.