patrick.net

way, way worse. And there's a trial going on in New Orleans right now that means a potential 17billion dollar fine.

"The financial implications are enormous. The trial now under way in New Orleans is wrestling with whether BP was guilty of “negligence” or “gross negligence” for the Deepwater Horizon disaster. If found guilty of “negligence,” BP would be fined, under the Clean Water Act, $1,100 for each barrel of oil that leaked. But if found guilty of “gross negligence”—which a cover-up would seem to imply—BP would be fined $4,300 per barrel, almost four times as much, for a total of $17.5 billion. That large a fine, combined with an additional $34 billion that the states of Louisiana, Alabama, Mississippi, and Florida are seeking, could have a powerful effect on BP’s economic health.

The human, animal and economic toll is far greater than any monetary settlement could ever address.