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14/07/2015at 10:10

BP faces more billion dollar fines

In spite of a settlement of USD 18.7 billion for the oil catastrophe on Deepwater Horizon, BP still has more than 60,000 cases hanging over its head. Without having set enough money aside.
Photo: GERALD HERBERT/AP/POLFOTO
BY MAZ PLECHINGER, ENERGIWATCH

Last week, they finally filled a big part of the BP gap made by the gigantic oil leak in the Gulf of Mexico in 2010. The British oil company agreed to a settlement of USD 18.7 billion with the US government and thus ended the expensive dispute with the authorities. But this is a far cry from stating that the last payment on Deepwater Horizon is now in the past.

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