BP agrees to US$4.5bil record criminal penalties for U.S. oil spill


  • Business Premium
  • Friday, 16 Nov 2012

NEW ORLEANS/WASHINGTON: BP Plc will pay US$4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever.

U.S. Attorney General Eric Holder called the deal a "critical step forward" but was adamant that it did not end the criminal investigation of the 2010 spill.

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