January 31, 2013

Judge okays BP plea, $4 billion penalty in Gulf oil spill

January 31, 2013/ Tron Nick

A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history. The company said it pleaded guilty to 11 felony counts related to workers' deaths, a felony related to obstruction of Congress and two misdemeanors. It faces five years' probation and the imposition of two monitors who will oversee its safety and ethics for the next four years. After the April 2010 explosion on the Transocean rig in the Gulf of Mexico, 4.9 million barrels of oil spewed into the Gulf over 87 days.

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Judge okays BP plea, $4 billion penalty in Gulf oil spill

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