Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/16/2012 (2 years ago)

Catholic Online (www.catholic.org)

Fines for the explosion on the Deepwater Horizon in 2010 far exceeds previous records for criminal penalties

BP Plc has agreed to pay an extra $4.5 billion on top of the tens of billions it is already paying out in regards to the catastrophic 2010 oil spill in the Gulf of Mexico. The company has pleaded guilty to additional criminal charges in regards to the accident. The fines for the explosion on the Deepwater Horizon rig and subsequent leak from the Macondo oil well far exceeds the previous record for largest criminal penalty in US history.
 

Memories run long hard and deep of the giant blast that occurred on April 20, 2010, which sank the Deepwater Horizon and unleashed the biggest marine oil spill in the industry's history.

Memories run long hard and deep of the giant blast that occurred on April 20, 2010, which sank the Deepwater Horizon and unleashed the biggest marine oil spill in the industry's history.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/16/2012 (2 years ago)

Published in Green

Keywords: BP, 2010 oil spill, Gulf of Mexico, penalties, fines, projects


LOS ANGELES, CA (Catholic Online) - The British oil giant says that it will plead guilty to 11 felony counts of misconduct or neglect relating to the death of 11 workers, one misdemeanor count under the Clean Water Act, one misdemeanor count under the Migratory Bird Treaty Act in addition to one felony count of obstruction of congress.

BP will also pay $525 million to settle securities claims with U.S. regulators. BP said it would also pay the $4.5 billion over six years for the various resolutions.

"There can be no question that this historic announcement represents a critical step forward, and really underscores the justice department's determination to stand with the Gulf Coast communities," U.S. Attorney General Eric Holder said in New Orleans.

BP will have to retain a monitor for four years. The monitor will oversee safety and risk management, as well as an independent auditor to ensure compliance with the terms of the agreement, Holder said. BP said that it was "prepared to vigorously defend itself against remaining civil claims."

Memories run long hard and deep of the giant blast that occurred on April 20, 2010, which sank the Deepwater Horizon and unleashed the biggest marine oil spill in the industry's history. The incident has been widely acknowledged as the United States' worst ever environmental disaster. 

BP reached an agreement earlier this year to settle claims from fishermen and others affected by the disaster for $7.8 billion. This settlement must be approved by a federal judge and does not affect claims brought by the government.

In the years following the explosion and oil spill, BP has so far sold non-core assets totaling more than $35 billion to help fund massive compensation costs arising from the tragedy. The figure is set to reach $38 billion by late 2013.

BP posted bumper profits last month and raised its shareholder dividend. BP is preparing for a new Russian adventure after being hit by the Deepwater Horizon crisis.

Net profit jumped 7.7 per cent to $5.43 billion in the third quarter, or three months to September, compared to the same part of last year.

In addition, BP unveiled a strategic deal with the Russian state oil firm Rosneft in an attempt to reposition itself after the Deepwater Horizon disaster.

Analysts believe that the Rosneft deal could lead to major exploration projects in the Arctic.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Green

More people have cell phones than access to toilets in 21st century Watch

Image of Just as vital as it is for developing countries to have food and water, there is a strident call for ending open defecation.

By Catholic Online (NEWS CONSORTIUM)

World Toilet Day, established by the United Nations, is intended to draw attention to the fact that much of the world doesn't have access to proper sanitation. The issue is extremely relevant, with the recent outbreak of Ebola in West Africa. It's estimated ... continue reading


California drought so bad, more residents forced to bathe out of buckets Watch

Image of Farmers feel they are competing with environmental concerns as meager water resources are allocated. This year, many farmers and communities received nothing.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

While most Americans are digging out of an early freeze thanks to the "polar vortex" phenomenon, Californians are dealing with something of the opposite. While show piles in drifts and ice forms on the Great Lakes, more and more Californians are going without water. ... continue reading


Youngest human remains in North America discovered in Alaska Watch

Image of First discovered in 2013, it's the first time the find has been detailed by University of Alaska Fairbanks researcher Ben Potter.

By Catholic Online (NEWS CONSORTIUM)

The remains of a pair of infants near the Tanana River in Alaska has been found by an archaeology team. The discovery represents the youngest human remains ever found in northern North America. It's hoped the find offers a fresh glimpse into life in Interior ... continue reading


Is the Polar Vortex evidence of global warming? Actually, yes it is Watch

Image of Frigid arctic cold will cover most of the United States this week.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

America is about to be plunged into a deep freeze this week with the return of the dreaded "polar vortex." As many people don heavy coats and take up snow shovels, they grumble "what global warming?" It's an understandable sentiment, but it's also misplaced. The ... continue reading


Bison 'mummy' may yield secrets as to how species became extinct Watch

Image of The beast is an extinct ancestor of the modern bison that still roam the plains of North America and northern Europe.

By Catholic Online (NEWS CONSORTIUM)

The remains of an almost-perfectly preserved steppe bison, discovered by members of the Yukagir tribe in northern Siberia, is now being closely studied by researchers. The 9,000-year-old carcass may provide clues as to how the prehistoric animal went extinct. ... continue reading


It's time for Catholics to become an essential part of the global warming solution Watch

Image of The planet continues to warm with the past 30 years now the hottest in modern history.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

The United Nations is reporting that as climate warms, poverty will grow. Meanwhile, the Church reminds that any solution to global warming must comply with the social doctrine of the Church and respect all life. LOS ANGELES, CA (Catholic Online) - According to the ... continue reading


The desolation of smog: Carbon emissions must be cut - and soon Watch

Image of A new report found ways to avoid dangerous global warming that are both available and affordable.

By Catholic Online (NEWS CONSORTIUM)

Unless carbon emissions are cut sharply and rapidly, climate change will inflict "severe, widespread, and irreversible impacts" on people and the natural world. A new report is the starkest assessment yet of man's stewardship of Planet Earth.  LOS ANGELES, ... continue reading


California drought is only to get worse, scientists warn Watch

Image of The drought will impact all of the United States as California's Central Valley is the

By Catholic Online (NEWS CONSORTIUM)

Californians are praying for rainfall in the coming winter months. Everyone from the farmer to the well-heeled in Los Angeles, and San Francisco are praying for precipitation for relief from the sunbaked summer skies. LOS ANGELES, CA (Catholic Online) - "El ... continue reading


The mighty blue whale would be just a snack to this giant mega shark Watch

Image of The massive Megalodon shark could have preyed on baleen whales, now the largest animals in the world.

By Catholic Online (NEWS CONSORTIUM)

A new study from the Florida Museum of Natural History reveals that the ancient and giant shark Megalodon-which could reach sizes in upwards of 40 feet-may have preyed on early baleen whales. LOS ANGELES, CA (Catholic Online) - The paper also suggests a new date ... continue reading


Dinosaur with freakishly big arms even more amazing than believed Watch

Image of The creature's name, Deinocheirus mirificus means unusual, horrible hands.

By Catholic Online - (NEWS CONSORTIUM)

Paleontologists had long been mystified by the dinosaur known as "deinocheirus mirificus." Since the 1960s, only the huge arms of the prehistoric thunder lizard had been discovered. As more bits and pieces of the dinosaur have been brought to light, it appears ... continue reading


All Green News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Revelation 11:4-12
4 These are the two olive trees and the two lamps in ... Read More

Psalm, Psalms 144:1, 2, 9-10
1 [Of David] Blessed be Yahweh, my rock, who trains ... Read More

Gospel, Luke 20:27-40
27 Some Sadducees -- those who argue that there is no ... Read More

Saint of the Day

Saint of the Day for November 22nd, 2014 Image

St. Cecilia
November 22: In the fourth century appeared a Greek religious romance on the ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter