wrdforwrd

green and sustainable business

WOW! — Felonious BP to pony up $4 billion

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The Los Angeles Times reported this bit of news this morning:

In an announcement today from its London headquarters, BP confirmed 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 events that began with the April 2010 explosion of the Deepwater Horizon oil rig.

As part of the agreement, BP said it has agreed to plead guilty to 11 felony counts of misconduct or neglect in connection with the 11 deaths caused by the rig’s explosion. It also agreed to plead guilty to other charges, including one felony count of obstruction of Congress. The agreement is subject to U.S. federal court approval.

Image: Sorry via Google images

 

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Written by William DiBenedetto

15 November, 2012 at 12:39 pm

Posted in alternative energy

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