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 she declared a "national calamity". On August 17, British oil experts, sent by SMDC's foreign insurer, arrived in Guimaras to assess the situation. SMDC stated that the experts will check the extent of the oil pollution. The Britons conducted an aerial survey over Guimaras Island and made recommendations based on their findings. A four-man team from the U.S. Coast Guard arrived on August 23 to assist in determining the exact location of the tanker. 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