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December 04, 2012
BP pleads guilty; will pay big for Gulf disaster

BP Exploration and Production (BP) will plead guilty to felony manslaughter, environmental crimes, and obstruction of Congress and pay a record $4 billion in criminal fines and penalties. The agreement settles the 2010 Deepwater Horizon disaster, which resulted in 11 deaths and caused the largest environmental disaster in U.S. history.

According to the U.S. Department of Justice, more than half the proceeds from the fines will directly benefit the Gulf Coast region. “The explosion of the rig was a disaster that resulted from BP’s culture of privileging profit over prudence,” said Assistant Attorney General Lanny A. Breuer.

“We hope BP’s acknowledgment of its misconduct—through its agreement to plead guilty to 11 counts of felony manslaughter—brings some measure of justice to the family members of the people who died onboard the rig,” he added.

In addition to the resolution of charges, several BP executives and supervisors have been charged with negligent conduct and making false statements.

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