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The multinational oil firm BP is being taken to account for the massive 2010 spill in the Gulf of Mexico. Yesterday, the Obama administration banned BP from any new contacts with the federal government, citing, quote, "a lack of business integrity" related to the spill - that after BP admitted criminal wrongdoing in its recent settlement with the U.S. Justice Department.
Citing a "lack of business integrity," the Environmental Protection Agency announced it was temporarily suspending the oil giant BP from entering into new contracts with the federal government.
In a press release, the EPA said BP demonstrated the lack of integrity during the Deepwater Horizon "blowout, explosion, oil spill and response." This kind of suspension, the EPA explained, is "standard practice when a responsibility question is raised by action in a criminal case."
Senator Landrieu hopes BP will settle oil spill civil lawsuit.
With the BP criminal settlement over the 2010 oil spill now pending a judge’s approval, talks are heating up to reach a deal on civil Clean Water Act fines. U.S. Senator Mary Landrieu is hoping they’re successful.
Attorney General Eric Holder discusses BP settlement being apportioned to Gulf States.
The Justice Department says the fines from record-setting criminal penalties settled with BP over its oil spill will mostly stay in the Gulf Coast. Because Louisiana took the brunt of the damage, it will take most of the money.
Originally published on Thu November 15, 2012 4:12 pm
Two sources tell NPR that four more BP employees will be charged in relation to the BP oil spill, which dumped more than 200 million gallons of oil into the Gulf of Mexico in 2010.
The individuals facing manslaughter charges are former BP well managers Donald Vidrine and Robert Kaluza. Another high ranking official, David Rainey, the former head of Gulf of Mexico exploration, will be charged with downplaying the spill to lawmakers. One more lower ranking BP employee will face insider trading charges.
Originally published on Thu November 15, 2012 5:32 pm
Update at 11:30 a.m. ET: Oil giant BP has agreed to plead guilty to criminal misconduct related to the 2010 Gulf Oil spill and will pay a record $4 billion in criminal penalties, the company just confirmed. And it will pay $525 million in civil penalties in a resolution with the Securities and Exchanges Commission. BP will make the payments over six years.
More than 100 nonprofit groups and government entities have been picked to get shares of $43.7 million in BP funds to promote the Gulf Coast's tourism and seafood industries following the company's 2010 oil spill.
The first round of grants announced Wednesday by court-supervised claims administrator Patrick Juneau is part of a proposed settlement between BP and a team of private plaintiffs' attorneys.
The deal calls for BP to fund a total of $57 million in tourism and seafood promotion grants.
BP says it has plugged holes in a leaky containment cap that failed to stem oil gushing from its blown-out well in the Gulf of Mexico in 2010. The oil company may have to clear oil still inside the structure abandoned a few hundred feet from the sealed well.
The Coast Guard says openings in the discarded cofferdam have been closed off, but Massachusetts Democratic Congressman Ed Markey says he wants BP to do more. He wants all remaining oil removed from the cap and other equipment still on the sea floor. He also wants to see the underwater footage taken of the repair operation.