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

Not all science is created equal

16 October 2014 Comments

news image

John Ioannidis explains why researchers should be curious about the differences between disciplines

MDMA

9 October 2014 Podcast | Compounds

news image

The drug that fuelled rave culture may yet be a treatment for PTSD. Hayley Simon introduces MDMA

Most Commented

Not all science is created equal

16 October 2014 Comments

news image

John Ioannidis explains why researchers should be curious about the differences between disciplines

MDMA

9 October 2014 Podcast | Compounds

news image

The drug that fuelled rave culture may yet be a treatment for PTSD. Hayley Simon introduces MDMA