By Sarah Begley
January 16, 2015

A federal judge ruled on Thursday that BP’s maximum fine for the 2010 oil spill in the Gulf of Mexico will be $13.7 billion, far lower than the previous estimate of $17.6 billion.

Federal magistrate Carl Barbier found that only 3.19 million barrels had been spilled into the ocean, compared with the government’s estimate of 4.09 million.

The third phase of BP’s non-jury trial begins Tuesday, when lawyers will argue over the exact fine per barrel. After that point, the actual fine will be assigned.

[Reuters]

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