Judge Accepts BP's Guilty Pleas, Agreement To Pay $4.5B In Penalties

Judge Accepts BP's Guilty Pleas, Agreement To Pay $4.5B In Penalties

NEW ORLEANS - A federal judge in Louisiana on Jan. 29 approved BP Exploration & Production Inc.'s offer to plead guilty to 11 counts of manslaughter and pay $4.5 billion in criminal penalties for its role in the explosion of the Deepwater Horizon oil rig on April 20, 2010, and ensuing oil spill in the Gulf of Mexico, sources told Mealey Publications (United States of America v. BP Exploration & Production Inc., No. 12-cr-292, E.D. La.).

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