The U.S. Supreme Court rejected efforts by BP and Anadarko Petroleum Corp. to avoid penalties under federal pollution law in connection with Deepwater Horizon. This decision essentially leaves in place a June 2014 ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil penalties under the federal Clean Water Act. According to a Reuters report, BP could face a maximum penalty of $13.7 billion under the Clean Water Act and Anadarko estimates its share of the fines at $1 billion. U.S. District Judge Carl Barbier in New Orleans has not yet imposed penalties, but has ruled that BP was grossly negligent and that 3.19 million barrels of oil were spilled. Overall, BP has incurred more than $42 billion in costs for the spill, including cleanup, fines and victim compensation.
Read more via Insurance Journal here.