BP faces maximum $13.7 billion fine after reduced spill-size ruling

NEW ORLEANS (Bloomberg) -- BP faces a maximum fine of $13.7 billion after a U.S. judge ruled that the company in 2010 dumped 3.19 MMbbl of oil into the Gulf of Mexico. U.S. District Judge Carl Barbier rejected the U.S. government’s 4.2 MMbbl estimate of the spill size, decreasing the potential maximum fine from $18 billion. More »