BP Plc (BP) and its partners in the Gulf of Mexico well that blew up and leaked more than 4.1 million barrels of crude, should pay the state of Louisiana at least $1 million a day for damages caused by the largest offshore oil spill in U.S. history, state Attorney General Buddy Caldwell said in a lawsuit against the oil giant.[via Bloomberg] “Louisiana has been, and will continue to be, profoundly impacted by the Deepwater Horizon disaster and has incurred, and will continue to incur, significant costs and damages,’’ Caldwell said in the complaint, filed March 3 in federal court in New Orleans. BP and its partners — Anadarko Petroleum Corp. (APC) and Mitsui & Co.’s MOEX Offshore 2007 LLC, which co-owned the well with BP — are responsible for fines and damages under state and federal law, he said.
The states claim that the financial damages from the spill, set off by the explosion of the Deepwater Horizon oil rig in April of last year, will grow. Louisiana seeks at least $1 million in penalties for “each day of violation” as well as full reimbursement for all cleanup and remediation costs. The well, which exploded and sank 50 miles off the Louisiana coast, leaked for 87 days. Large amounts of oil remain in the Gulf’s waters and marshes, Caldwell said.
BP faces about 400 lawsuits in connection with the worst oil spill in U.S. history, with claims that include economic loss, environmental damage and personal injuries and deaths.
BP closed Tuesday’s regular trade at $47.81, down 34 cents, or 0.71%, on 6.51 million shares.