Business

Ruling against BP could mean $18 billion in fines

By MICHAEL KUNZELMANJANET McCONNAUGHEY
Published September 5, 2014 1:00am ET
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Ruling against BP could mean $18 billion in fines
FILE - In this Wednesday, April 21, 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. An April 20, 2010 explosion at the offshore platform killed 11 men, and the subsequent leak released an estimated 172 million gallons of petroleum into the gulf. U.S. District Judge Carl Barbier ruled Thursday, Sept. 4, 2014, in New Orleans, La., that BP acted recklessly and bears most of the responsibility for the oil spill. The ruling exposes BP to about $18 million in civil fines under the Clean Water Act. (AP Photo/Gerald Herbert, File) | Gerald Herbert

NEW ORLEANS (AP) — BP could be looking at close to $18 billion in additional fines over the nation’s worst offshore oil spill after a federal judge ruled Thursday that the company acted with “gross negligence” in the 2010 Gulf of Mexico disaster.

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