BP Still Uncertain Over Gulf Spill Cost on Third Anniversary
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BP Plc faces the third anniversary of the 2010 oil spill in the Gulf of Mexico today with no sure knowledge of how much more it will have to pay government and private plaintiffs over the disaster.
Last year BP agreed to pay an estimated $8.5 billion to settle lawsuits by most plaintiffs as well as $4 billion to the U.S. government in criminal penalties. The company is also facing claims from plaintiffs who weren’t covered by last year’s settlement and as much as $17 billion in fines over violations of the U.S. Clean Water Act.