71°
Baton Rouge, Louisiana
3 Day Outlook
Wed
84°
62°
10%
Thu
85°
65°
20%
Fri
87°
67°
50%

Latest Weather Blog

Follow our weather team on social media

BP settles with US for $4.5 billion in Gulf spill

2 years ago November 15, 2012 Nov 15, 2012 Thursday, November 15 2012 Thursday, November 15, 2012 5:36:27 AM EST in News
Source: Associated Press

NEW ORLEANS - U.S. Attorney General Eric Holder will speak in New Orleans about the government's $4.5 billion settlement with BP over the massive 2010 oil spill in the Gulf of Mexico.

The Department of Justice said Holder and top U.S. officials will hold a news conference at 1:00 p.m. CST about the wide-ranging settlement.

London-based BP PLC said in a statement it agreed to the penalty and to plead guilty to criminal charges including 11 felony counts of misconduct related to the deaths of 11 men in the rig explosion that triggered the oil spill.

The settlement total of $4.5 billion over five years includes nearly $1.3 billion in criminal fines - the largest such penalty ever - along with payments to several government agencies.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
71°
64°
Wed
Mostly Sunny
84°
62°
Thu
Partly Cloudy
85°
65°
Fri
PM T-Storms
87°
67°
Sat
Partly Cloudy
88°
68°