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Tagged: BP

The Two-Way
1:22 pm
Thu November 15, 2012

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

Credit Win McNamee / Getty Images
June 2010: A boom floats in the water as contract workers from BP use skimmers to clean oil from a marsh near Venice, La.
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Originally published on Thu November 15, 2012 5:36 pm

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.

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The Two-Way
7:20 am
Thu November 15, 2012

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

Credit U.S. Coast Guard / Getty Images
The Deepwater Horizon oil rig burned on April 21, 2010.
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Originally published on Thu November 15, 2012 5:32 pm

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. BP will make the payments over six years.

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