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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Green

Death Valley's puzzling 'sailing stones' mystery solved Watch

Image of Scientists have found an ally of microorganisms that they believe aid the heavy rocks on their

By Talia Ramos (NEWS CONSORTIUM)

Scientists initially thought that the large stones' movements in Death Valley, California without any human intervention are due to the icy, slippery surface due to the winter season. However, they found a colony of bacteria living within the area bound by the mystery ... continue reading


Scientists make odd discovery: Earliest snakes had feet and ankles Watch

Image of The earliest ancestors of snakes may have retained feet and ankles as late as 20 million years ago.

By Matt Waterson (NEWS CONSORTIUM)

A new study published in the science journal BMC Evolutionary Biology has revealed a startling fact about the ancestors of modern snakes, suggesting that the reptiles may have evolved from creatures that had feet and ankles around 128 million years ago on the ... continue reading


Unexpected find in Washington may be last of its kind Watch

Image of This is the group of dinosaurs the Tyrannosaurus Rex is associated with.

By Nikky Andres (NEWS CONSORTIUM)

When an inter-tidal rock was found in the Sucia Island State Park in Washington State back in 2012, its discoverers had no idea that it would create or cause such excitement and hype. Embedded in the rock is a 17-inch bone fragment, that could not be immediately ... continue reading


DEVASTATING photos show humanity's destruction of Planet Earth Watch

Image of This bird ate too much plastic trash and died, revealing its unnatural diet upon decomposition.

By Catholic Online (NEWS CONSORTIUM)

Humanity's rapid expansion as the global population increases is taking its toll on the environment. Climate change, overpopulation, pollution, hunting of endangered species and strip mining are running rampant worldwide. A series of shocking photographs now ... continue reading


TOO SOON? Canonization of Mother Teresa next year only hypothetical, Vatican says Watch

Image of There had been reports in the Italian press that Mother Teresa, the founder of the Missionaries of Charity, who worked among the poorest of the poor, would be canonized before the end of the upcoming Holy Year of Mercy.

By Catholic Online (NEWS CONSORTIUM)

In spite of various published reports that Blessed Teresa of Kolkata will be canonized on September 4, 2016, the Vatican says that this remains hypothetical. "It is a working hypothesis, therefore there is no official confirmation to be given," Vatican representative ... continue reading


2020: Antarctic ice shelf could collapse Watch

Image of Land-based glaciers that have also started to slide faster toward the sea.

By Catholic Online (NEWS CONSORTIUM)

The rich get richer, the poor get poorer and those polar ice caps keep right on melting. Things have deteriorated so badly - especially the Larsen B ice shelf, that scientist now fear the entire Antarctica ice shelf will collapse by the end of this decade, in ... continue reading


Raining spiders? Large areas of Australia covered in spider webs Watch

Image of Baby spiders

By Atarah Haely (NEWS CONSORTIUM)

The worst news for spider haters in Australia and around the globe: a natural migration phenomenon where baby spiders are flying is possible and has recently happened in the southern part of Australia. MUNTINLUPA, PHILIPPINES (Catholic Online) - Referred to as "Angel ... continue reading


HONEY HOLOCAUST: Forty percent of all beehives died in the past year Watch

Image of Oklahoma, Illinois, Iowa, Delaware, Maryland, Pennsylvania, Maine and Wisconsin all saw more than 60 percent of their hives die since April of last year.

By Catholic Online (NEWS CONSORTIUM)

It is an alarming figure that may speak of a silent, ecological disaster. According to a federal study, more than two out of five American honeybee colonies died in the past year. LOS ANGELES, CA (Catholic Online) - The survey reports that the worst die-off ... continue reading


Recreating Dinosaurs: Using chicken embryos, scientists learn how dinosaurs got 'snouts' Watch

Image of The team's aim was to understand how the bird beak evolved, because the beak is such a vital part of bird anatomy.

By Catholic Online (NEWS CONSORTIUM)

An asteroid, crashing into the Earth 65 million years ago, is thought to have caused the dinosaurs to go extinct. A group of dinosaurs managed to survive, and is thought to have evolved into modern-day birds. That theory has been around since the 19th Century. ... continue reading


Catfish surprisingly climbs wall and stuns scientists Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

Inside a cave near Tena in Ecuador, a group of scientists filmed a catfish climbing up the wall to lick food from the roof. Climbing seems impossible for fishes, but evidence of an actual video showing an armored catfish making its way up the cave wall presents a new ... 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, Sirach 36:5-6, 10-17
5 Send new portents, do fresh wonders, win glory for ... Read More

Psalm, Psalms 79:8, 9, 11, 13
8 Do not count against us the guilt of former ... Read More

Gospel, Mark 10:32-45
32 They were on the road, going up to Jerusalem; ... Read More

Saint of the Day

Saint of the Day for May 27th, 2015 Image

St. Augustine of Canterbury
May 27: At the end of the sixth century anyone would have said that ... 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