BP Is Going To Pay Largest Fine In History Over The Gulf Oil Spill
BP Is Going To Pay Largest Fine In History Over The Gulf Oil Spill. They have been negotiating a deal with the U.S. government that would resolve the criminal charges resulting from the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
Baby Boomers, how many of you have been able to negotiate your fines? But, BP Oil is. Does that seem justified to you for all of the damage that they have gone and the spill is still going to do to our environment?
The London-based oil company claims that no agreement has been made, but that negotiations with the Department of Justice and the Securities and Exchange Commission were “advanced.”
Don’t you just love they way they talk and throw the BS even further?
Any settlement with the US, would be subject to federal judicial review, and would not absolve the company of any civil claims. But, this does end it for BP Oil, they also face a potential fine from the U.S. federal government tied to environmental damages in the Gulf.
BP Gulf Oil Spill UPDATE:
Here is what CNN Mooney has to report about BP Is Going To Pay Largest Fine In History Over The Gulf Oil Spill:
BP will plead guilty to manslaughter charges stemming from the 2010 Deepwater Horizon explosion and oil spill in the Gulf of Mexico, and agreed to pay $4.5 billion in government penalties, Attorney General Eric Holder announced Thursday.
Of the penalties, $4 billion will resolve criminal charges. An additional $525 million will be paid to resolve claims brought by the Securities and Exchange Commission that BP lied to investors by understating the amount of oil flowing into the Gulf.
Separate from the corporate manslaughter charges, a federal grand jury returned an indictment charging the two highest-ranking BP supervisors on board the Deepwater Horizon on the day of the explosion with 23 criminal counts. The two men were charged with seaman’s manslaughter and involuntary manslaughter for each of the 11 men killed in the blast, as well as a criminal violation of the clean water act.
The grand jury also charged BP’s second-highest ranking representative at the company’s unified command post with hiding information from Congress and allegedly lying to law enforcement officials.
The company also will plead guilty to a felony count of obstruction of Congress, a misdemeanor count under the Clean Water Act and a misdemeanor count under the Migratory Bird Treaty.
For the full story of BP Is Going To Pay Largest Fine In History Over Gulf Oil Spill, go to CNN News.