After its historic civil trial commenced in New Orleans yesterday (February 26th), BP is now stating that it is not solely to blame for the Deepwater Horizon disaster in the Gulf of Mexico in 2010.
Senior executive for the fuel giant Lamar McKay said that rig operator Transocean and contractor Halliburton must also bear some of the responsibility for the explosion and resulting spill – the worst in the history of the US.
The trial will determine liability for the disaster and BP could face a massive fine of up to $17.6 billion (£11.6 billion), despite agreeing in 2012 to pay $4.5 billion to settle criminal charges.
Mr McKay stated: "I think that's a shared responsibility, to manage the safety and the risk."
At 10:05 GMT in London, BP shares rose by 0.3 per cent to 445.70 per unit, after plunging yesterday as investor concerns escalated ahead of the trial.
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