Light Snow
22°FLight SnowFull Forecast
Shaw Media Auctions

US AG sets news conference on BP spill settlement

Published: Thursday, Nov. 15, 2012 2:00 p.m. CST
Caption
FILE - In this file photo made Oct. 25, 2007, the BP (British Petroleum) logo is seen at a gas station in Washington. (AP Photo/Charles Dharapak, File)

NEW ORLEANS (AP) — U.S. Attorney General Eric Holder will speak in New Orleans about the government's $4.5 billion settlement with BP over the massive 2010 oil spill in the Gulf of Mexico.

The Department of Justice said Holder and top U.S. officials will hold a news conference at 1:00 p.m. CST about the wide-ranging settlement.

London-based BP PLC said in a statement it agreed to the penalty and to plead guilty to criminal charges including 11 felony counts of misconduct related to the deaths of 11 men in the rig explosion that triggered the oil spill.

The settlement total of $4.5 billion over five years includes nearly $1.3 billion in criminal fines — the largest such penalty ever — along with payments to several government agencies.

National video



Reader Poll

Rock Falls is considering a ban on leaf burning. Should the city finally take that step?
Yes. Sterling and Dixon have had bans for years. It’s time for Rock Falls to impose a ban.
No. It would be too great a burden for homeowners to dispose of fallen leaves in other ways.
Not sure
No opinion