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BP To Pay $4.5 Billion In Deepwater Horizon Settlement

November 16, 2012

BP has agreed to plead guilty and pay a $4.5 billion fine to settle federal criminal charges surrounding the Deepwater Horizon blowout and spill in the Gulf of Mexico. Eleven people were killed in the 2010 explosion. The Anchorage Daily News reports that the company could be on the hook for billions more as the federal government plans to pursue a civil claim for violations of the Clean Water Act. More than 4 million barrels of oil were released into the Gulf of Mexico from the blowout.

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