November 15th, 2012
02:39 PM ET

BP pleads guilty to Gulf oil spill charges, agrees to pay record $4 billion

[Updated at 2:39 p.m. ET] Attorney General Eric Holder says that three BP officials were indicted on criminal charges in connection with the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

The news comes on a day when BP pleaded guilty to 14 criminal charges, including a dozen felony charges, stemming from the oil spill, and that the company agreed to pay $4 billion in fines and penalties.

CNN Money has more on the deal. 


Filed under: BP • Gulf Coast Oil Spill • Justice
soundoff (36 Responses)
  1. chrissy

    Patrick, that 50% thing is a bit steep dont you think? But this money from BP should be used to pay down the deficit. They need get that under control.

    November 15, 2012 at 10:29 am | Report abuse |
    • Andrew

      You do realize 4 billion isn't even 1% of the deficit, right?

      November 15, 2012 at 12:31 pm | Report abuse |
  2. Danno

    So lets see, if I, a citizen, kill eleven people and cause billions in damages to the economy and the environment,I go to jail, pay fines, possibly get executed. If I'm a multiple-billion dollar corporate citizen and kill eleven people and cause billions in damages to the economy and the environment, I pay a fine and get barred from doing business with the government. Yeah, that seems fair. Yeah, that's why corporations are just like people, sure.

    November 15, 2012 at 10:31 am | Report abuse |
    • banasy©

      Right?
      Imagine what would happen if all of the EPA regulations were to be eliminated...this kind of disaster would just be business as usual.

      November 15, 2012 at 10:53 am | Report abuse |
    • BOMBO ©

      I understand your frustration, but what's the solution? Should we incarcerate or execute all major shareholders, or just the board of directors? This is an issue of practicality.

      November 15, 2012 at 10:32 pm | Report abuse |
  3. chrissy

    If the working class people can budget with money they have, not money they WISHED they had than the government can also! Private sector jobs lay people off when they are realizing a shortage of funds. Gov should also. Go to l secretary vs 3 or more!!

    November 15, 2012 at 10:34 am | Report abuse |
    • Portland tony

      Government is a trillion in debt...So are we gonna disband the military til we can afford one? A wealthy nation's budget isn't like your household budget. It just can't walk away from Its citizen's needs. Non essentials can be cut...essentials no! We are not a poor nation like Greece. We have the money...just not the political will to get it.

      November 15, 2012 at 11:52 am | Report abuse |
  4. Portland tony

    It'll all work out. Hostess will close...somebody will Buy
    the rights to "Twinkies", hire the unemployed bakers at minimum wage and life will go on!

    November 15, 2012 at 12:12 pm | Report abuse |
    • Elaine

      Was Hostess involved in the oil spill?

      November 15, 2012 at 4:05 pm | Report abuse |
    • banasy©

      Oh, do be quiet.
      Please go to a qualified professional who can help you with your apparent ident ity crisis.
      A little help in grammar, syntax, and punctuation wouldn't hurt you any, either.

      November 15, 2012 at 9:57 pm | Report abuse |
  5. banasy©

    I have news for you...this isn't Hostess's first bankruptcy, nor will it (most likely) be the last...
    I am friends with a man who works for Hostess, and he has been down this road a few times before; unions had nothing to do with their previous declarations.

    November 15, 2012 at 12:29 pm | Report abuse |
  6. m_hatter_

    Well, I'm sure they will find a way to argue down the fine like Exxon did with the Alaska spill, and that is unfortunate for the small business owners and working people who were hit so hard by another catastrophic failure caused by cost-cutting induced negligence.

    November 15, 2012 at 12:47 pm | Report abuse |
  7. banasy©

    Not dazzle, not chrissy, and not my fault, lol.

    November 15, 2012 at 3:05 pm | Report abuse |
    • Elaine

      I disagree.

      November 15, 2012 at 4:04 pm | Report abuse |
  8. Hide Behind

    exxon valdez was judged guilty and toay they put out less than..10 percent of the, yes. 10%.
    FED and staye agencys got most of payout and manyof those whose lives as gishermen was ruined and many have gone tothat clean ocean in nether netherlans.

    November 15, 2012 at 3:07 pm | Report abuse |
  9. banasy©

    I see our simpleton village idiot troll is back.
    Grow up.

    November 15, 2012 at 3:09 pm | Report abuse |
    • Fran

      That is a good description of Banasy. I must concur.

      November 15, 2012 at 4:07 pm | Report abuse |
  10. Andres Minas

    Another sad day for the republicans.

    November 15, 2012 at 3:22 pm | Report abuse |
    • banasy©

      Monica, why are you so rude and combative?
      Why do you like cigars so much?
      How IS Bill these days? Still have that dress?

      November 15, 2012 at 6:04 pm | Report abuse |
  11. Xk7

    Does anyone know what time it is? My watch is broken.

    November 15, 2012 at 4:19 pm | Report abuse |
    • banasy©

      "Does anybody really care about time? If so, I can't imagine why. We've all got time enough to die".

      November 15, 2012 at 5:34 pm | Report abuse |
    • Portland tony

      No sarcasm intended. But a government, which is responsible for and to the people cannot just set a budget based on next years projected tax receipts or income. You can put a budget on paper and plan around it...but unlike your personal finances....you don't anticipate the "Katrinas", the "Sandy's", gulf oil spills, terror attacks the housing crisis, etc. The citizens expect the government to respond to unanticipated events.

      November 15, 2012 at 6:29 pm | Report abuse |
  12. chrissy

    ALL i was saying @ Portland Tony, you CANT make a budget on money you WISHED you had! You make a budget on what you KNOW youre gonna have, and that doesnt include borrowing from other countries! You cut out things not necessary! Sarcasm was uncalled for!

    November 15, 2012 at 4:22 pm | Report abuse |
  13. chrissy

    Their total work hours yearly average out to about 8 weeks of an average joe citizen. And they dont accomplish much that could even be considered productive!

    November 15, 2012 at 6:43 pm | Report abuse |
  14. banasy©

    Which of course you know very well isn't at all fool-proof, don't you, Jeff Frank?

    November 15, 2012 at 9:24 pm | Report abuse |
  15. chrissy

    So....Little mister, when someone invites you to dinner do they have to add like l0 extra place settings? One for everyone of your personalities!

    November 15, 2012 at 9:47 pm | Report abuse |
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