Anadarko Deepwater Horizon Penalties A Mistake, Expert Says

Law360, New Orleans (February 2, 2015, 7:01 PM EST) -- An expert witness for Anadarko Petroleum Corp. on Monday said there is no economic rationale for penalizing the company under the Clean Water Act for its role in the Deepwater Horizon disaster, and that imposing a penalty of up to $4 billion could have negative consequences on investments in the Gulf of Mexico.

The witness, Berkeley professor and environmental economics expert David Sunding, was the last witness brought to the stand on Monday as the Louisiana federal trial to decide what penalties Anadarko and BP Exploration and Production Inc. will pay under the Clean Water Act came to its conclusion....

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