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Court: BP's 'gross negligence' led to Deepwater Horizon oil spill

A U.S. court has found energy giant BP guilty of "gross negligence" and "reckless" conduct that led directly to the 2010 Deepwater Horizon Spill. Transocean, which owned the rig, and contractor Halliburton were also liable, the court ruled.

U.S. District Judge Carl Barbier determined that BP bore two-thirds of the responsibility for the spill, while Transocean and Halliburton bore 30 percent and three percent, respectively. The ruling could result in quadruple the amount of civil damages, according to The Associated Press, which could cost BP billions of dollars.