“BP BP.LN +0.16% PLC already has agreed to pay more than $30 billion in fines, settlements and cleanup costs for the 2010 Deepwater Horizon explosion and oil spill. Now it is placing a big bet that by going to trial next week, it can hold down the cost of one of its last major potential liabilities for the disaster.
The London-based oil company says both the law and the facts of the case make facing a federal judge in a trial a safer bet than reaching a settlement with Gulf Coast states, businesses, individuals and the federal government for environmental-related claims….”
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