“HOUSTON/WASHINGTON (Reuters) – BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst offshore oil spill in U.S. history.
The settlement includes a $1.256 billion criminal fine, the largest such levy in U.S. history, the company said on Thursday. Analysts said the deal let BP put its focus back on oil production, though at least one member of Congress questioned whether it would hurt states’ chances for civil penalties.
The April 2010 explosion on the Deepwater Horizon rig in the Gulf of Mexico killed 11 workers. The mile-deep Macondo oil well then spewed 4.9 million barrels of oil into the Gulf over 87 days, fouling shorelines from Texas to Florida and eclipsing in severity the 1989 Exxon Valdez spill in Alaska.”
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