BP Pleads Guilty, Will Pay $4.5 Billion In Criminal Penalties For Gulf Oil Spill
Excerpt:Update at 11:30 a. m. ET: Oil large BP has actually accepted plead guilty to criminal misconduct connected to the 2010 Gulf Oil spill and will certainly pay a record $ 4 billion in criminal charges , the company just confirmed . And it will certainly pay $ 525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will certainly make the repayments over six years. About $ 2. 4 billion of the criminal fine, BP says , will certainly "be paid to the National Fish & Wildlife Foundation (NFWF) over a period of five years. In addition, $ 350 million will be paid to the National Academy of Sciences (NAS) over a period of five years.
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Company: BP
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Organization: BP
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FieldTerminology: Oil spill
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FieldTerminology: Clean Water Act
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Source : BP Pleads Guilty, Will Pay $4.5 Billion In Criminal Penalties For Gulf Oil Spill
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Eleven people were killed and one of the largest environmental disasters in history happened after an oil rig in the Gulf of Mexico exploded in 2010.
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BP Pleads Guilty, Will Pay $4.5 Billion In Criminal Penalties For Gulf Oil Spill
Source : BP Pleads Guilty, Will Pay $4.5 Billion In Criminal Penalties For Gulf Oil Spill
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