by erratic
According to The Guardian, which reliably has interesting stories on US and global news from a different (and often more informed) perspective than the US news machine, has received confidential information about additional fines being considered. According to the article BP faces extra $60bn in legal costs as US loses patience with Gulf clean-up , The oil disaster unfolding in the Gulf of Mexico could present BP with much higher costs than previously thought as a result of US government penalties of up to $60bn (£40bn), according to City analysts. The penalties are in addition to BP's already huge bill for the clean-up mission, which stood at $760m yesterday, and potentially unlimited damages payable by the company to fishermen and other affected local communities. BP also faces billions of dollars of lost earnings as a result of its damaged reputation in the US, which could result in it being barred from bidding for future contracts.
continued at Daily Kos....
