Saturday, 3 March 2012

Gulf oil spill trial -- Let the fingerpointing begin


By Jonathan Stempel
 
Thu Feb 23, 2012 5:36pm EST
 
(Reuters) - It could be the ultimate case for passing the buck.
 
A massive trial over the 2010 Gulf of Mexico oil spill heads for a New Orleans federal courtroom on Monday, to determine how much BP Plc and others should cough up for the worst U.S. offshore oil spill.

The case is perhaps the most complex environmental lawsuit in history, and could leave companies on the hook for tens of billions of dollars in fines and payments to the U.S. government, Gulf Coast states, and tens of thousands of workers and businesses claiming economic damages from the spill.

Absent broad-based settlements, the trial will assign blame for the April 20, 2010, explosion and sinking of the Deepwater Horizon drilling rig. The disaster killed 11 people and unleashed an estimated 4.9 million barrels of oil from the mile-deep Macondo well for 87 straight days.

Click Here to read more...

No comments:

Post a Comment