BP Spars With Gov't Over Potential $21B Deepwater Fines

Law360, New York (February 13, 2013, 10:53 PM EST) -- BP PLC on Wednesday braced itself against a possible $21 billion in Clean Water Act penalties for its role in the 2010 Deepwater Horizon disaster, challenging the government's remarks about them in papers relating to the $1.4 billion settlement by the ill-fated rig’s owner, Transocean Deepwater Inc.

The British oil giant said in a Louisiana federal court filing that it won’t object to Transocean’s settlement over the 2010 Macondo well disaster but disagreed with the government’s remarks on potential CWA penalties in the January consent decree...
To view the full article, register now.