BP To Pay Record $4 Billion In Damages For Role In Oil Spill Disaster

29/01/2013
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BP To Pay Record $4 Billion In Damages For Role In Oil Spill Disaster

BP will pay an unprecedented $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Gulf of Mexico oil spill disaster.

A US judge approved the agreement Tuesday. BP is pleading guilty to charges relating to the 11 workers’ deaths and for lying to Congress about the scale of the spill.

BP could pay billions more once the US federal government resolves its civil claims against the company.

AP

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