24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Judge OKs $4 Billion BP Settlement

A U.S. judge on Tuesday approved an agreement for British oil giant BP PLC to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in the 2010 oil disaster in the Gulf of Mexico.

More than 200 million gallons of oil spewed in the three months before BP's blown-out Macondo well could be capped. It was one of the worst environmental disasters in U.S. history.

BP agreed in November to plead guilty to charges involving the deaths of 11 workers in the drilling rig explosion that started the spill and for lying to Congress about the size of the spill. The company could have withdrawn from the agreement if U.S. District Judge Sarah Vance had rejected it.

Source: AP. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement