BP oil disaster case settled at $4 bn
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BP oil disaster case settled at $4 bn

Last Updated: Wednesday, January 30, 2013, 23:48
 
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BP oil disaster case settled at $4 bn
Washington: A US court has approved a settlement for BP to pay $4 billion in criminal penalties and plead guilty to manslaughter and other charges for its role in the 2010 Deepwater Horizon oil disaster in the Gulf of Mexico.

Eleven workers died when BP's Macondo oil well blew out, triggering an explosion on the drilling rig April 20, 2010.

More than 200 million gallons of oil spilled into the Gulf of Mexico, the largest offshore oil spill in US history, damaging hundreds of kilometres of shoreline along the Gulf Coast in several states.

Relatives of the workers who died testified in a federal court in New Orleans Tuesday before US District Judge Sarah Vance approved the settlement deal.

BP had agreed in November 2012 to plead guilty to manslaughter and for lying to Congress about the size of the oil spill.

The company said it has paid out more than $24 billion on other settlements and cleanup efforts, the New York Times reported.

The federal government can still collect billions of dollars more from BP in civil claims and penalties for environmental damage.

IANS



First Published: Wednesday, January 30, 2013, 23:48


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