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BP Clean Water Act liability capped at US$13.7 billion

BP Clean Water Act liability capped at US$13.7 billion

Report summary

The court hearing BP’s Clean Water Act trial has ruled that 3.19 million barrels of oil were released into the Gulf of Mexico, capping the potential penalty at US$13.7 billion. The news is positive for BP and its investors, lowering the maximum penalty by US$3.9 billion (based on the US Government’s 4.19 million barrel claim). We believe that BP has the ability to absorb the maximum potential penalty even following the oil price collapse.  

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