BP Trial for Worst US Offshore Oil Spill Begins

Reuters reported that trial of BP Plc for the Deepwater Horizon spill has begun on Monday. Government agencies, businesses, and individuals have blamed the company for the worst offshore oil spill in US history, which killed 11 oil rig workers and spilled 4 million barrels of oil.

As quoted in the market news:

BP must show its mistakes do not meet the legal definition of gross negligence required for the highest amount of damages. BP has already spent or committed $37 billion on cleanup, payouts, settlements and fines.

Click here to read the full Reuters report.