BP strongly disagrees with the decision issued today by the United States District Court for the Eastern District of Louisiana and will immediately appeal to the United States Court of Appeals for the Fifth Circuit.
BP believes that the finding that it was grossly negligent with respect to the accident and that its activities at the Macondo well amounted to willful misconduct is not supported by the evidence at trial. The law is clear that proving gross negligence is a very high bar that was not met in this case. BP believes that an impartial view of the record does not support the erroneous conclusion reached by the District Court.
The Court has not yet ruled on the number of barrels spilled and no penalty has yet been determined. The District Court will hold additional proceedings, which are currently scheduled to begin in January 2015, to consider the application of statutory penalty factors in assessing a per-barrel Clean Water Act penalty. The Clean Water Act requires the District Court to consider a number of factors in determining an appropriate penalty. The statutory maximum penalty is $1,100 per barrel where the court finds simple negligence and $4,300 per barrel where the court finds gross negligence or willful misconduct. During the penalty proceedings, BP will seek to show that its conduct merits a penalty that is less than the applicable maximum after application of the statutory factors.
BP is reviewing the decision and will issue a further statement as soon as possible.
Surely we have to move on from this ,as much as i like America im afraid there judicial system is full of hypocrisy as i think back to the events of 2008 and as stated in an earlier review if this was there company im sure the fines and compensation would be a lot lower.They and this hypocrite judge barbier surely know there are thousands of american bp workers so how about drawing a line under it moving on, My wife is in New Orleans working now for RR and she has told me how lovely the beaches are so all this talk of disaster is a little overated now and if it was any other business it would be bust.Im sure once a final judgement is made this stock will rise or could BP find new oil fields somewhere else and maybe sell there part in the mexican gulf and move on ?
Obama wants our support fighting ISIS and his corrupt judicial system rapes and pillages BP and Transocean and Halliburton get away punitive fines. Ludicrous. Cameron, tell him NO unless this judgement is deemed fair.
Exxon fined about a billion in total for what is universally recognised as the most damaging (not largest) oil spill in history. BP put aide 43 billion and it likely wont be enough - seems fair eh. A Louisiana "district court" decides this stuff - hmm how about some world court deciding this stuff eh? Cue the prawn fisherman who lost more catch due to spill than the entire worlds population of prawns apparently.............................. and the rest that the ROV watchers will recall............. you know who you are..............
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