//
you're reading...
SMIPP

Update: BBC Reports BP Fine $3 Billion to $5 Billion

24/7 Wall St.

A report at the BBC claims the fine against BP PLC (NYSE: BP) in the settlement of criminal charges related to the explosion of the Deepwater Horizon in 2010 will be in the range of $3 billion to $5 billion.

The BBC also reports that up to four BP staff members will be charged and arrested. And the Associated Press reports that two BP employees will face charges of manslaughter related to the explosion.

The AP also says that the company will plead guilty to obstruction charges for lying to Congress about the extent of the spill.

BP is expected to make a final payment of $860 million into its $20 billion Gulf of Mexico compensation fund by the end of this year.

BP has booked more than $38 billion to pay liability claims related to the disaster that killed 11 workers and spilled more than 5 million…

View original post 15 more words

Advertisements

About SMIPP Ltd.

SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

Discussion

Trackbacks/Pingbacks

  1. Pingback: etvthroughinternet.com: The Leading ETV Through Internet Site on the Net - November 16, 2012

Calendar

November 2012
M T W T F S S
« Sep   Dec »
 1234
567891011
12131415161718
19202122232425
2627282930  
Follow SMIPP Ltd. on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,591 other followers

Categories

share this blog

Bookmark and Share

Archives

Follow me on Twitter

Today In Energy

%d bloggers like this: