Gulf Oil - Has Paid $28bn on Damage Claims. Pleaded 'Guilty' to Criminal Charges. $18bn Fine Coming Up...

In the four years since the blowout on the Deepwater Horizon oil rig killed 11 workers and sent millions of barrels of oil gushing into the Gulf of Mexico, BP has spent more than $28 billion on damage claims and cleanup costs, pleaded guilty to criminal charges and emerged a shrunken giant.

But through it all, the company has maintained that it was not chiefly responsible for the accident, and that its contractors in the operation, Halliburton and Transocean, should shoulder as much, if not more, of the blame.

On Thursday, a federal judge here for the first time bluntly rejected those arguments, finding that BP was indeed the primary culprit and that only it had acted with “conscious disregard of known risks.” He added that BP’s “conduct was reckless.”

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RELATED COVERAGE

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  Halliburton to Pay $1.1 Billion to Settle Damages in Gulf of Mexico Oil SpillSEPT. 2, 2014

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  How a Gulf Settlement That BP Once Hailed Became Its TargetAPRIL 26, 2014

By finding that BP was, in legal parlance, grossly negligent in the disaster, and not merely negligent, United States District Court Judge Carl J. Barbier opened the possibility of $18 billion in new civil penalties for BP, nearly quadruple the maximum Clean Water Act penalty for simple negligence and far more than the $3.5 billion the company has set aside.