"LONDON — BP, the British oil company, said Thursday it would pay $4.5 billion in fines and other payments to the United States government and plead guilty to 14 criminal charges in connection with the giant oil spill in the Gulf of Mexico two years ago.The explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico that was connected to a well owned by BP killed 11 workers and spilled millions of barrels of oil.'via Blog this'
The payments include a $4 billion fine to be paid over five years, with much of it to go to government environmental agencies, BP said in a statement.
As part of the settlement, BP pleaded guilty to 11 felony misconduct or neglect charges related to the deaths of 11 people in the Deepwater Horizon accident in 2010, which unleashed millions of barrels of oil into the gulf."
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Thursday, November 15, 2012
BP to Admit Crimes and Pay $4.5 Billion in Gulf Settlement - NYTimes.com
BP to Admit Crimes and Pay $4.5 Billion in Gulf Settlement - NYTimes.com:
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