BP

BP Settlement Of Little Comfort To Some, A 'Down Payment' To Others

Debbie Elliott — Thu, 15 Nov 2012 19:22:00 +0000

There's mixed reaction this afternoon to the news that BP has agreed to a deal with federal authorities to pay $4.5 billion in criminal and civil penalties related to the 2010 Gulf Oil spill.

Massachusetts Rep. Ed Markey, the top Democrat on the House Natural Resources Committee, calls the fines and penalties appropriate.

BP Expected To Plead Guilty, Pay Record Fine In Gulf Oil Spill Criminal Case

Carrie Johnson — Thu, 15 Nov 2012 13:20:00 +0000

Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission.