BP to pay £2.8bn Deepwater fine

Press Association

Updated 16 November 2012 at 2:00 am·1-min read

Oil giant BP is to pay the biggest fine in US history after agreeing a 4.5 billion US dollars (£2.8 billion) settlement with authorities for claims relating to the Deepwater Horizon disaster.

BP will pay the fine over six years after reaching a deal with the United States Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) that has seen it plead guilty to 14 criminal charges relating to the oil rig accident in 2010, which killed 11 workers and spilled millions of barrels of oil into the Gulf of Mexico.
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BP to pay £2.8bn Deepwater fine

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