Anadarko Deepwater Horizon Penalties A Mistake, Expert Says

By Paul DeBenedetto (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....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!