GoM oil spill liability ‘could hit $40bn’
BP and the other companies embroiled in the Gulf of Mexico oil spill disaster face a total liability of up to $40bn, according to energy financier Tudor Pickering Holt & Co (TPH).
Analysts at the Houston-based energy investor and merchant bank said that the $35bn-40bn liability bill is set to include fines and damages of between $23bn and $29bn.
Although TPH's liability forecast is the highest so far, it still hinges on the success of BP's plan to drill relief...
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