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A comment on Longest-running oil spill in history releasing more than 4,500 gallons per day. Parent comment

Re:Longest-running oil spill in history releasing more than ... by gumby on Monday June 24, 2019 @05:48PM (#20268863)
Tremendous? A congressman even apologized to BP for people saying they were unhappy with the company, and the company's fines had both no effect on their business and did not compensate for even the economic loss of the people in the area.
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Re:Longest-running oil spill in history releasing more than ... by rbg246 on Monday June 24, 2019 @08:22PM (#20269967)
I thought the opposite from outside the US - I thought the US lambasted (rightfully) BP which caused BP to almost go out of business - they had asset sales at the time to pay for the costs.

There were pension liquidity fears at the time due to the costs that it needed to pay. BP provides a large percentage of dividend payments on the the London Stock Exchange which pension funds rely on for paying out pensions.

The wikipedia page is quite clear on how much BP paid in damages and they were not insignificant - $42Billion had been paid into a trust fund.

To say no effect is incorrect.

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Re:Longest-running oil spill in history releasing more than ... by drilldrive on Monday June 24, 2019 @09:27PM (#20270357)
Glad to see Joe Barton dishonorably not to go for reelection[0]. [0] https://www.cnn.com/2017/11/30/politics/joe-barton-re-electi...
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Re:Longest-running oil spill in history releasing more than ... by mogadsheu on Monday June 24, 2019 @07:02PM (#20269438)
Weren’t there some $5B ordered for civil penalties?

I worked in Houston just after the spill and heard BP was in shambles at the time.

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Re:Longest-running oil spill in history releasing more than ... by klyrs on Monday June 24, 2019 @08:10PM (#20269888)
> Weren’t there some $5B ordered for civil penalties?

Weren't there some $63B in cleanup efforts?

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Re:Longest-running oil spill in history releasing more than ... by jcranmer on Monday June 24, 2019 @08:58PM (#20270199)
The fines were in addition to the cost that BP bore for cleaning up. Most of that $63B was paid by BP, in addition to all the fines.
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