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Federal appeals court says British Petroleum must face fines for gulf oil spill

By Jessica Dye (Reuters) – A U.S. appeals court on Wednesday said BP Plc and Anadarko Petroleum Corp must face penalties under federal pollution laws in connection with the 2010 Gulf of Mexico oil spill, which could expose the companies to billions of dollars in potential fines. The 5th U.S.…

BP’s plan: Raise $50 billion, sue business partners

BP is trying to raise 50 billion dollars to cover the cost of the Gulf of Mexico spill and is preparing to sue its partners in the oil field, British newspapers said on Sunday. The Sunday Telegraph said BP is readying to take legal action against US firm Anadarko, its…