BP to $4.5 Billion for Gulf O Spill

Posted on November 15, 2012

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NEW YORK (CNNMoney) — BP will plead guilty to a dozen felony charges stemming from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, and agreed to pay $4.5 billion in government penalties, the oil company said Thursday.

Of the penalties, $4 billion will resolve criminal charges and an additional $525 million will be paid to resolve claims brought by the Securities and Exchange Commission.

continue reading via BP to pay record fine for Gulf oil spill – Nov. 15, 2012.

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