BP sentenced to pay $4 billion

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The Department of Justice issued a news release this week stating that a federal court accepted the guilty plea of BP Exploration and Production to 14 criminal counts of felony manslaughter, environmental crimes, and obstruction of Congress in connection with the 2010 explosion, fire, and oil spill on the Deepwater Horizon oil rig.

BP was sentenced to pay $4 billion in criminal fines and penalties and to serve five years of monitored probation.

“Today’s guilty plea and sentencing represent a significant step forward in the Justice Department’s ongoing efforts to seek justice on behalf of those affected by one of the worst environmental disasters in American history,” Attorney General Eric Holder said. “I’m pleased to note that more than half of this landmark resolution – which totals $4 billion in penalties and fines, and represents the single largest criminal resolution ever – will help to provide direct support to Gulf Coast residents as communities throughout the region continue to recover and rebuild.”

Click here for the full press release.

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