Is it me, or does that price seem low? From the Associated Press: "BP said Thursday that it will pay $4.5 billion in a settlement with
the U.S. government over the massive 2010 oil spill and will plead
guilty to felony counts related to the deaths of 11 workers and lying to
Congress. The figure includes nearly $1.3 billion in criminal fines — the
largest such penalty ever — along with payments to several government
entities. A person familiar with the settlement said two BP employees will also
face manslaughter charges over the deaths of 11 people in the explosion
of the Deepwater Horizon oil rig that triggered the massive spill. The
person was not authorized to discuss the matter on the record and spoke
on condition of anonymity."
More: "The settlement includes payments of nearly $2.4 billion to the
National Fish and Wildlife Foundation, $350 million to the National
Academy of Sciences and about $500 million to the Securities and
Exchange Commission. London-based BP PLC said in a statement that the settlement would not
include civil claims under the Clean Water Act and other legislation,
pending private civil claims and state claims for economic loss. The charges BP will plead guilty to include 11 felony counts of
misconduct or neglect of ships officers, one felony count of obstruction
of Congress and one misdemeanor count each under the Migratory Bird
Treaty Act and the Clean Water Act. The 11 counts related to the
workers’ deaths are under a provision of the Seaman’s Manslaughter Act. The obstruction charge is for lying to Congress about how much oil was pouring out of the ruptured well."
BP To Pay $4.5 Billion In Oil Spill Settlement
