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January 29, 2013
breakingnews:

BP to pay record $4 billion in damages for role in oil spill disaster
AP: BP will pay an unprecedented $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Gulf of Mexico oil spill disaster.A US judge approved the agreement Tuesday. BP is pleading guilty to charges relating to the 11 workers’ deaths and for lying to Congress about the scale of the spill.BP could pay billions more once the US federal government resolves its civil claims against the company.
Photo: Sean Gardner/Reuters

So now we’ve got a slightly clearer impression of the terms of BP’s settlement over the Deepwater Horizon disaster – the company, in addition to the payout, will accept a guilty plea on manslaughter charges, accepting responsibility for the deaths of those 11 rig workers during the initial explosion.

breakingnews:

BP to pay record $4 billion in damages for role in oil spill disaster

AP: BP will pay an unprecedented $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Gulf of Mexico oil spill disaster.

A US judge approved the agreement Tuesday. BP is pleading guilty to charges relating to the 11 workers’ deaths and for lying to Congress about the scale of the spill.

BP could pay billions more once the US federal government resolves its civil claims against the company.

Photo: Sean Gardner/Reuters

So now we’ve got a slightly clearer impression of the terms of BP’s settlement over the Deepwater Horizon disaster – the company, in addition to the payout, will accept a guilty plea on manslaughter charges, accepting responsibility for the deaths of those 11 rig workers during the initial explosion.

19:08 // 1 year ago
September 3, 2012
I have been lucky. Having the opportunity to do something like this is fantastic. It is fair to say I wanted to recover some of my self-esteem.
Tony Hayward, former CEO of BP • In a New York Times profile, examining the daily life of the former BP executive, just over two years after he famously lamented his loss of life. Hayward now finds himself at the helm of Genel Energy, a drastically smaller oil company (currently worth about $3 billion on London’s stock market), and he hopes to redeem his image globally. source (viafollow)
19:59 // 1 year ago
April 24, 2012
U.S. DOJ files first round of criminal charges related to Gulf Oil Spill
Evidence reportedly destroyed by ex-BP employee: Former BP engineer Kurt Mix was arrested today, charged with two counts of obstruction of justice for allegedly destroying evidence requested by federal investigators. The charges are the first to be filed by the U.S. Department of Justice, related to the 2010 Gulf Oil Spill, but may not be the last according to Attorney General Eric Holder. Holder told reporters that the Deepwater Horizon Task Force will “[continue] its investigation into the explosion and will hold accountable those who violated the law.” If found guilty on both charges, Mix faces a maximum sentence of 40 years in prison and half a million dollars in fines. (Photo by SkyTruth)  source
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Evidence reportedly destroyed by ex-BP employee: Former BP engineer Kurt Mix was arrested today, charged with two counts of obstruction of justice for allegedly destroying evidence requested by federal investigators. The charges are the first to be filed by the U.S. Department of Justice, related to the 2010 Gulf Oil Spill, but may not be the last according to Attorney General Eric Holder. Holder told reporters that the Deepwater Horizon Task Force will “[continue] its investigation into the explosion and will hold accountable those who violated the law.” If found guilty on both charges, Mix faces a maximum sentence of 40 years in prison and half a million dollars in fines. (Photo by SkyTruth)  source

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15:23 // 1 year ago
March 18, 2012

Not messing around: Brazil confiscates oil workers’ passports

  • 17 oil workers barred from leaving Brazil after an offshore oil spill source

» “I’ve never seen a spill this small with this size of reaction.” That’s what Ali Moshiri, the Chevron executive in charge of the company’s Latin American operations, said in reaction to the November spill, which took place on the Frade oil field. Brazil, which has toughened up its regulatory standards partly because of environmental disasters like the 2010 oil spill in the Gulf of Mexico, did not take those comments kindly; a court on Friday took away the passports of the 17 employees, as the country plans to file criminal charges against the employees of Chevron and Transocean. (A new leak on the Frade was found Friday, too.) You get the feeling that the U.S. didn’t try enough after hearing what Brazil just did.

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21:59 // 2 years ago
March 3, 2012

BP reaches massive settlement with Gulf of Mexico investors

  • $7.8B will be paid by BP to thousands affected by the Gulf of Mexico oil spill that occurred in April 2010; the settlement doesn’t bring an end to the oil company’s legal troubles
  • $2.3B of the total settlement will go to the Gulf seafood industry alone; the company also faces separate spill-related legal actions from the governments of Louisiana and Alabama
  • $17B in additional fines could come as the result of a settlement with the US government over civilian fines resulting from the wide-reaching spill, if BP is found guilty of gross negligence source

» But are the fines enough to teach BP a lesson? Some say no, including shrimp producer Dean Blanchard, who told The Guardian, “I want my day in court. If they can get off with just paying the money — well, they’ve got plenty of money, they are not really going to learn a lesson.” In addition to the settlement, BP announced that it would use the remainder of the $20 billion compensation fund it raised during the summer of 2010 to settle additional complaints from residents and businesses in the region. In a statement released late Friday night, BP chief executive Bob Dudley said, “the proposed settlement represents significant progress toward resolving issues from the Deepwater Horizon accident and contributing further to economic and environmental restoration efforts along the Gulf Coast.”

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11:15 // 2 years ago
December 29, 2011
Federal prosecutors preparing case against BP
The oil spill examined: The first criminal charges to be filed against BP, regarding the explosion and subsequent oil leak at the Deepwater Horizon well, are being prepared by federal prosecutors. The charges, to come out next year, are expected to center on a group of engineers and whether false or misleading information about the safety of drilling at such deep depths in the Gulf of Mexico was submitted on federal documents. The spill in totality is very relevant right now — a couple months ago, the Obama administration approved BP for more drilling in the Gulf, despite no changes to spill-related financial liability laws. (Photo courtesy of ideum) source
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The oil spill examined: The first criminal charges to be filed against BP, regarding the explosion and subsequent oil leak at the Deepwater Horizon well, are being prepared by federal prosecutors. The charges, to come out next year, are expected to center on a group of engineers and whether false or misleading information about the safety of drilling at such deep depths in the Gulf of Mexico was submitted on federal documents. The spill in totality is very relevant right now — a couple months ago, the Obama administration approved BP for more drilling in the Gulf, despite no changes to spill-related financial liability laws. (Photo courtesy of ideum) source

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15:02 // 2 years ago
April 20, 2011
11:20 // 2 years ago
April 5, 2011
1:48 // 3 years ago
March 29, 2011
9:55 // 3 years ago
March 28, 2011
14:20 // 3 years ago