A federal court in New Orleans found BP the primary culprit in the 2010 gulf oil disaster, ruling the company acted with "gross negligence" – a charge four times that of a simple negligence charge. So, how much will $18 billion ruling on the company?
Maybe not much, says Brad Olsen of Bloomberg news. He's been following the Deepwater Horizon spill and its fallout since 2010. He tells Texas Standard's David Brown that the company's already spent $30 billion on cleanup-related costs and "the tab is very clearly going to go higher.” Currently, the energy giant has about $26 billion dollars on their balance sheet. Olsen says, as the fines currently stand, BP can afford it.