BP agrees to pay largest penalty in US history in $4.5bn Gulf oil spill deal

Guardian: BP has agreed to pay the largest criminal fine in US history – $4.5bn – to resolve all criminal charges arising from the fatal oil rig explosion and catastrophic oil spill in the Gulf of Mexico. The company said on Thursday that it had agreed to pay $4bn to the US government over five years, and $525m to the Securities and Exchange Commission. That money will be paid over three years. The criminal settlement does not settle all of the claims against BP for the April 2010 blowout of the Deepwater...

URL: http://www.guardian.co.uk/environment/2012/nov/15/bp-largest-penalty-history-gulf-oil-spill
Enclosure: http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2011/4/21/1303369386325/Deepwater-Horizon-oil-rig-007.jpg