Macondo raises the compensation bar

摘要

BP did not exactly have a choice about taking on the liabilities for the Deepwater Horizon oil spill. Months of 24-hour news coverage and President Barack Obama's strictures made it impossible to avoid paying up. The bill so far has been around $38 billion, with partners paying a further $5 billion, and there has yet to be a final settlement. The spill has set a new standard for oil pollution compensation claims.