BP will plead guilty to manslaughter charges stemming from the 2010 Deepwater Horizon explosion and oil spill in the Gulf of Mexico, and agreed to pay $4.5 billion in government penalties, Attorney General Eric Holder announced Thursday.Three BP execs are also being charged with felonies ranging from manslaughter to concealing evidence and lying to the Feds.
Of the penalties, $4 billion will resolve criminal charges. An additional $525 million will be paid to resolve claims brought by the Securities and Exchange Commission that BP lied to investors by understating the amount of oil flowing into the Gulf.
Thursday, November 15, 2012
"Corporations Are People", But You Can't Send Them to Prison
If you could send a corporation to prison, BP would be doing a lot of hard time.