BP’s criminal pollution fine


This video from the USA is called BP Oil Spill Effect on Wildlife.

From the BBC:

15 November 2012 Last updated at 14:45 GMT

BP to get record US criminal fine over Deepwater disaster

BP is set to receive a record fine of between $3bn and $5bn (£1.9bn-£3.2bn) to settle criminal charges related to the 2010 Deepwater Horizon disaster, the BBC has learnt.

It will be the biggest criminal penalty in US history, BBC business editor Robert Peston says.

The settlement with the Department of Justice involves BP pleading guilty to criminal charges.

It is thought that up to four BP staff may be arrested, Robert Peston says.

Details of the settlement are expected to be confirmed by the Washington-based Department of Justice later.

Earlier, BP said it was in “advanced discussions” with US agencies about settling criminal and other claims.

BP said that any deal would not include a range of other claims including individual and federal claims for damages under the Clean Water Act, and state claims for economic loss.

The 2010 Deepwater Horizon disaster killed 11 workers and released millions of barrels of crude into the Gulf of Mexico over 87 days.

The settlement is much bigger than the largest previous corporate criminal penalty assessed by the Department of Justice, the $1.2bn fine imposed on drug maker Pfizer in 2009.

The oil giant has been selling assets worth billions of pounds to raise money to settle all claims. The company is expected to make a final payment of $860m into the $20bn Gulf of Mexico compensation fund by the end of the year.

Other companies involved included Transocean, the owner of the rig and responsible for the safety valve known as the blowout preventer, and Halliburton, who provided cementing services.

BP is yet to reach a settlement with these firms. A civil trial that will determine negligence is due to begin in New Orleans in February 2013.

3 thoughts on “BP’s criminal pollution fine

  1. Pingback: Again Gulf of Mexico oil disaster | Dear Kitty. Some blog

  2. Pingback: Transocean’s small fine for BP oil disaster | Dear Kitty. Some blog

  3. Pingback: BP gets just slap on the wrist for their pollution disaster | Dear Kitty. Some blog

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