BP to pay $4.5bn penalty over Deepwater Horizon disaster

Posted by Guardian: Suzanne Goldenberg and Dominic Rushe on November 15th, 2012
Guardian: BP met its day of reckoning in the Gulf of Mexico oil disaster on Thursday when the company admitted guilt on 14 criminal charges and agreed to pay an historic $4.5bn penalty in connection with the fatal explosion of its rig and the catastrophic oil spill. The payments include $4bn for criminal charges and $525m to security regulators. BP will plead guilty to 11 felony counts of misconduct or neglect in the deaths of 11 men aboard the Deepwater Horizon when the rig blew up and sank in April 2010,......

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