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Entries by Antonia Juhasz from 06/2012

BP Owes $192 Billion for Gulf Oil Disaster, Not $15 Billion Settlement It's Seeking

| Posted 06.11.2012 | Green

While $15 billion sounds like a lot of money -- and it is -- it is a far cry from what BP owes for the many costs associated with the largest offshore oil spill in history. An application of just the most pertinent U.S. laws yields a fine of $192 billion. Sound high? Here's why it's not.