BP PLC Re: Phase 2 decision in Gulf oil spill trial (3280C)
January 16 2015 - 1:00AM
UK Regulatory
TIDMBP.
RNS Number : 3280C
BP PLC
15 January 2015
press release
15 January 2015
BP statement on Phase 2 decision in Gulf oil spill trial
Today the United States District Court for the Eastern District
of Louisiana ruled on the issues raised in the Phase 2 trial of the
Deepwater Horizon case: the quantification of oil spilled and BP's
source control efforts following the accident. The Court found that
3.19 million barrels of oil were discharged into the Gulf of Mexico
and therefore subject to a Clean Water Act (CWA) penalty. In
addition, the Court found that BP was not grossly negligent in its
source control efforts.
No penalty has yet been determined. The decisions in the Phase 1
and Phase 2 trials represent steps in the process of assessing a
CWA penalty. The third phase of the CWA trial, currently scheduled
to begin in the Court on Tuesday, 20 January, 2015, will address
the penalty to be assessed.
During the penalty proceedings, the Court is required to
consider the application of eight statutory factors, including the
violator's efforts to minimize or mitigate the effects of the
spill: the seriousness of the violation or violations; the nature,
extent, and degree of success of any efforts of the violator to
minimize or mitigate the effects of the discharge; the economic
impact of the penalty on the violator; the economic benefit to the
violator, if any, resulting from the violation; the degree of
culpability involved; any other penalty for the same incident; any
history of certain types of prior violations; and any other matters
as justice may require. BP believes that considering all the
statutory penalty factors together weighs in favor of a penalty at
the lower end of the statutory range.
BP is continuing to review the Court's decision.
- ENDS -
BP press office: +44 20 7496 4076, bppress@bp.com
This information is provided by RNS
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