Web Sify
Follow us on

News Summary: Now civil trial for BP oil spill

Source : AP
Last Updated: Wed, Jan 30, 2013 22:32 hrs

: After a $4 billion plea deal resolved BP's criminal liability for the massive Gulf of Mexico oil spill, the company faces a trial that could cost it billions of dollars more in civil penalties.

BLAME GAME: The first phase of a federal trial scheduled to starts Feb. 25 aims to assign percentages of blame to BP and its partners in the ill-fated drilling project.

RUNNING A TAB: BP already has racked up more than $24 billion in spill-related expenses and has estimated it will pay a total of $42 billion to fully resolve its liability for the disaster.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance