Thursday, November 15, 2012

BP hopes $4.5bn fine will draw line under Deepwater Horizon disaster

Guardian: BP's decision to accept a record $4.5bn fine to resolve all criminal charges relating to the Deepwater Horizon blowout in 2010 has taken the total bill – money already paid out or set aside – to $42bn – and the costs could yet escalate further. The oil group could still find itself open to more than $60bn worth of liabilities if it is found guilty of gross negligence in forthcoming court actions – although analysts suggested that outcome seems less likely after yesterday's agreement. The new...

URL: http://www.guardian.co.uk/business/2012/nov/15/bp-fine-draw-line-deepwater
Enclosure: http://static.guim.co.uk/sys-images/Business/Pix/cartoon/2012/11/15/1353009431294/Deepwater-008.jpg

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