Deepwater Horizon oil spill and payments to a trust fund had cost the company $42.2 billion. In September 2014, a U.S. District Court judge ruled that BP was primarily responsible for the oil spill because of its gross negligence and reckless conduct. In July 2015, BP agreed to pay $18.7 billion in fines, the largest corporate settlement in U.S. history. How the misuse of categorical exclusion for National Environmental Policy Act (NEPA) compliance relates to this spill is described in Regulatory Capture. The "Deepwater Horizon" was a 10-year-old semi-submersible, mobile, floating, dynamically positioned drilling rig that could operate in waters up to deep. Built
Guimaras oil spill Guimaras oil spill The Guimaras oil spill occurred in the Panay Gulf on August 11, 2006 when the oil tanker M/T "Solar 1" sank off the coast of Guimaras and Negros islands in the Philippines, causing what is considered as the worst oil spill in the country. The oil tanker M/T "Solar 1", carrying more than two million liters of bunker fuel, sank during a violent storm approximately off the southern coast of Guimaras at around midnight on August 11, 2006, causing some of oil to pour into the gulf, that traveled up through the Guimaras Strait and Iloilo Strait.