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Author Topic: Next in BP spill saga: civil trial worth billions Back to Topics
mastermariner

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Texas

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Message Posted: Jan 30, 2013 8:58:39 AM

After resolving $4B in criminal penalties, BP now faces billions of dollars in civil fines

NEW ORLEANS (AP) -- Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties.
At the conclusion of a hearing Tuesday that included emotional testimony and a BP executive's apology, a federal judge agreed to let the London-based oil giant plead guilty to manslaughter charges for the April 2010 deaths of 11 workers on the Deepwater Horizon rig and pay the record amount of criminal penalties.
What the plea deal approved by U.S. District Judge Sarah Vance doesn't resolve, though, is the federal government's
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Jan 31, 2013 12:38:48 AM


Why aren't any BP executives doing time in a federal prison????????
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Tommyguns45
Champion Author Illinois

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Message Posted: Jan 30, 2013 5:37:57 PM

It seems they are trying to reclaim their money fast being the highest in Danville all the time at 3.55
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humblepie
Champion Author Toledo

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Message Posted: Jan 30, 2013 5:30:41 PM

and the beat goes on
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coughlin
Champion Author San Jose

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Message Posted: Jan 30, 2013 9:58:39 AM

We will be hearing about this for 20 years.
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Joeski1
Champion Author New Jersey

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Message Posted: Jan 30, 2013 9:31:37 AM

blub.. blub.. blub....

and all that oil they didn't clean up...

will surface for the next 100 years
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FlyNFool
Champion Author South Carolina

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Message Posted: Jan 30, 2013 9:27:00 AM

And only the lawyers will really profit from this.
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mreiff
Champion Author Louisville

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Message Posted: Jan 30, 2013 9:21:52 AM

Unfortunately jrschl is right, we will just wind up paying for this.
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jrschl
Champion Author Louisville

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Message Posted: Jan 30, 2013 9:15:16 AM

Doesn't matter to BP, because it all comes off the back of the consumer.
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ErnieK9LO
Champion Author North Dakota

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Message Posted: Jan 30, 2013 9:11:38 AM

BP deserves what they are getting.

Gasoline is up in Minot ND. The gas prices are almost the highest in ND. Distributors should be ashamed for price gouging the people of Minot, ND.
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PTBpricer
Champion Author Virginia

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Message Posted: Jan 30, 2013 9:07:45 AM

The judge said the $4 billion criminal settlement is "just punishment" for BP, even though the company could have paid far more without going broke.
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merlinCO
Champion Author Colorado

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Message Posted: Jan 30, 2013 9:00:23 AM

They will just file bankruptcy, use the retirement funds and then make billions and waste the environment further.
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