BP to pay £4.5 billion for disaster


Oil super major BP has agreed to pay $4 billion (£2.5 billion) in fines and penalties and plead guilty to criminal charges for the 2010 Deepwater Horizon disaster, which killed 11 people and spilled millions of barrels of oil into the Gulf of Mexico. Specifically, the company will plead guilty to 11 counts of felony manslaughter, one count of felony obstruction of Congress and violations of the Clean Water and Migratory Bird Treaty Acts. The fine represents the largest criminal resolution in US history, according to the Department of Justice.

Two top BP executives – the most senior BP supervisors on the rig at the time of the disaster – have now been charged with gross negligence. A third has been charged with obstruction of Congress and making false statements to law enforcement officials.

Meanwhile, BP has agreed to pay $525 million to settle civil fraud charges brought by the US Securities and Exchange Commission. The company still faces civil charges pursued by the US government for alleged violations of the Clean Water Act and for natural resource damages under the Oil Pollution Act.


Related Content

BP faces $18bn fine over Deepwater

9 September 2014 Business

news image

US judge rules that BP’s recklessness caused blowout through ‘gross negligence or willful misconduct', but the firm will ...

BP’s misdirected safety focus blamed for Deepwater debacle

27 July 2012 News and Analysis

news image

US Chemical Safety Board finds BP and others had ‘multiple safety management system deficiencies’ that led to Deepwater H...

Most Read

Isotope effect produces new type of chemical bond

22 October 2014 Research

news image

Evidence emerges for vibrational bond first proposed 30 years ago

DNA 'barcodes' used to track food

30 October 2014 Research

news image

Milk has been successfully tracked as it is turned into cheese and yogurt in an advance that could fight food fraud

Most Commented

Square planar iron complex breaks inorganic dogma

31 October 2014 Research

news image

Unusual spin state could open the door to new and exciting chemistry

Indian U-turn on diabetes drug ban

16 August 2013 News and Analysis

news image

Suspension of cheap and popular medicine reversed but will now come with new safety warnings