Latest Mississippi River Delta News: November 16, 2012
Criminality in the Gulf Spill
Editorial, The New York Times. November 15, 2012.
“Two and a half years after the massive gulf oil spill, BP has agreed to plead guilty to 14 criminal charges brought by the Justice Department and cough up $4.5 billion in fines and other payments…” (Read more)
BP Will Plead Guilty and Pay Over $4 Billion
By Clifford Krauss and John Schwartz, The New York Times. November 15, 2012.
“HOUSTON — BP, the British oil company, said on Thursday that it had agreed to pay $4.5 billion in fines and other penalties and to plead guilty to 14 criminal charges related to the rig explosion two years ago that killed 11 people and caused a giant oil spill in the Gulf of Mexico…” (Read more)
BP’s profits-first culture prompts 11 felony guilty pleas, $4.5 billion in fines
By Mark Schleifstein, The Times-Picayune (New Orleans). November 15, 2012.
“Citing gross negligence and what it called the company’s profits-first culture, the federal government on Thursday announced it had entered into a settlement with BP of all criminal claims stemming from the Deepwater Horizon oil spill, fining the company a record $4.5 billion and securing 11 felony pleas from the company for the 11 people killed in the April 2010 blast…” (Read more)
BP’s Deepwater settlement considered chump change by critics
By Ronald D. White, The Los Angeles Times. November 15, 2012.
“British oil giant BP is more than prepared for the $4.5 billion in settlement charges it agreed to Thursday, analysts said…” (Read more)
BP Settlement Of Little Comfort To Some, A ‘Down Payment’ To Others
By Debbie Elliott, NPR. November 15, 2012.
“There’s mixed reaction this afternoon to the news that BP has agreed to a deal with federal authorities to pay $4.5 billion in criminal and civil penalties related to the 2010 Gulf Oil spill…” (Read more)
Making BP pay: Billions in damages for the Gulf oil spill still loom beyond criminal penalties announced Thursday
By Martha Carr, The Times-Picayune. November 15, 2012.
“Since the Macondo well blowout in 2010, BP has been the target of a federal criminal probe as well as complex civil litigation filed by private claimants, affected states and the federal government…” (Read more)
Factbox: BP’s outstanding liability for U.S. oil spill
Reuters. November 15, 2012.
“(Reuters) – BP Plc’s agreement on Thursday to pay the U.S. government $4.5 billion is a big step toward resolving its liability for the Gulf of Mexico oil spill in 2010…” (Read more)
What others are saying about BP settlement of oil spill criminal charges
By Mark Schleifstein, The Times-Picayune. November 15, 2012.
“What others are saying about BP’s $4.5 billion settlement with the Justice Department and the Securities and Exchange Commission of criminal charges involving the death of 11 workers aboard the Deepwater Horizon drilling rig, and the resulting, unprecedented oil spill…” (Read more)
Corps: Levees not to blame for Isaac flooding
By Tania Dall, WWL-TV. November 15, 2012.
“NEW ORLEANS — It has been almost three months since Hurricane Isaac hit, and thousands of families are still recovering from the storm…” (Read more)