BP will be sued and the possible damages from the Deep Horizon disaster could amount to $100 billion or more.
But the Supreme Court will throw the penalties out, as they did with the Exxon Valdez mess.
After the Exxon Valdez spill, Exxon fought a $5 billion fine for punitive damages for two decades. It won. The fine was cut down to $4 billion, then to $2.5 billion. The case eventually made it to the Supreme Court, which found that Exxon’s actions were “worse than negligent but less than malicious,” and vacated the fine. The judgment limited punitive damages to the compensatory damages, which were calculated as $507.5 million.
Considering their profits… They should be paying through the nose.
Check out this snopes quote factoid:
http://www.snopes.com/politics/quotes/shrimp.asp
Then give him a jingle or email… What a jerk.