BP guilty of criminal misconduct, negligence in gulf oil spill (Video)Submitted by emalvini on Thu, 11/15/2012 - 14:58
BP guilty of criminal misconduct, negligence in gulf oil spill (Video)
By Michael Muskal
November 15, 2012, 9:53 a.m.
Oil company BP has agreed to plead guilty to misconduct and negligence charges and pay a record $4.5-billion fine in connection with the massive Gulf of Mexico oil spill, one of the nation’s worst environmental disasters.
In an announcement Thursday morning from its London headquarters, BP confirmed that it had reached an agreement with the U.S. Justice Department to resolve all federal criminal charges and all claims by the Securities and Exchange Commission against the company stemming from the 2010 Deepwater Horizon rig explosion, the subsequent oil spill and the response.