The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

This Afternoon

Hi62° Slight Chc Thunderstorms

Tonight

Lo42° Mostly Cloudy

Friday

Hi61° Chance Showers

Friday Night

Lo41° Mostly Cloudy

Saturday

Hi63° Mostly Sunny

Saturday Night

Lo43° Chance Rain

Sunday

Hi61° Chance Showers

Sunday Night

Lo41° Slight Chc Showers

Monday

Hi62° Mostly Cloudy

Monday Night

Lo44° Mostly Cloudy

Criminal settlement for BP oil spill: $4 billion

Send to Kindle
Print This

photo Buy this photo

The Deepwater Horizon oil rig disaster killed 11 workers. BP PLC has agreed to plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties.

NEW ORLEANSBP PLC closed the book on the Justice Department’s criminal probe of its role in the Deepwater Horizon disaster and Gulf oil spill Tuesday, when a federal judge agreed to let the London-based oil giant plead guilty to manslaughter charges for the deaths of 11 rig workers and pay a record $4 billion in penalties.

What the plea deal approved by U.S. District Judge Sarah Vance doesn’t resolve, though, is the federal government’s civil claims against BP. The company could pay billions more for environmental damage from its 2010 spill.

Vance noted that the company already has racked up more than $24 billion in spill-related expenses and has estimated it will pay a total of $42 billion to fully resolve its liability for the disaster in the Gulf of Mexico.

The judge said the $4 billion criminal settlement is “just punishment” for BP, even though the company could have paid far more without going broke. In accepting the deal, Vance also cited the risk that a trial could result in a much lower fine for BP, one potentially capped by law at $8.2 million.

All comments are moderated before appearing. For more information, please read the approval guidelines. Questions? See our Disqus commenting FAQ or our full commenting policy.

Comments Help

A few important points:

  • You must have a Disqus account to comment (your Wenatchee World login and Disqus login are completely separate)
  • You must provide your first and last name
  • Your comment must be civil

For more information see our Disqus commenting FAQ or our full commenting policy