BP to pay record $4.5bn over Deepwater oil spill
November 16, 2012  04:25
BP has received the biggest criminal fine in US history as part of a $4.5bn settlement related to the fatal 2010 Deepwater Horizon disaster.

Two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading Congress.

The Department of Justice (DoJ) said BP must hand over $4bn. The sum includes a $1.26bn fine as well as payments to wildlife and science organisations.

As part of the agreement, BP will also plead guilty to 14 criminal charges.

The company apologised for its role and said it regretted the loss of life.

BP will pay an additional $525m to the Securities and Exchange Commission over a period of three years, the firm said.

The resolution with the DoJ includes a record criminal fine of $1.26bn, as well as $2.4bn to be paid to the National Fish and Wildlife Foundation and $350m to be paid to the National Academy of Sciences, over a period of five years.
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