facebook
twitter
rss
account
search
search
 

U.S. unlikely to settle with BP

June 11, 2012 at 8:45 AM   |   Comments

NEW ORLEANS, June 11 (UPI) -- It's unlikely U.S. officials would accept a smaller penalty from BP to settle claims for the 2010 oil spill in the Gulf of Mexico, a former federal lawyer said.

The Financial Times reported that sources "familiar with discussions" between BP and the government say the British company is seeking to pay less than $15 billion to settle civil and criminal claims tied to the Deepwater Horizon tragedy in the Gulf of Mexico in 2010. The government, however, is seeking damages closer to $25 billion.

David Uhlmann, the former director of the environmental crimes division at the U.S. Justice Department, told The (New Orleans) Times-Picayune that a settlement was unlikely.

"The government isn't going to simply accept whatever BP is offering," he said.

He said both sides would likely settle at around $20 billion, which is on top of billions of dollars already paid by BP for the spill.

The report suggests a decision would come before September in an effort to avoid politicizing the issue ahead of November elections in the United States.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Creator of 'Honey Badger Don't Care' brand sues for trademark infringement Creator of 'Honey Badger Don't Care' brand sues for trademark infringement
4
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
5
$3 gas could make a comeback $3 gas could make a comeback
Trending News
Video
x
Feedback