blackhawk2415
Rookie
- Jun 18, 2015
- 10
- 7
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Settlement reached, BP is getting fined $18.7B dollars for their screw up. Although, I don’t think you can put a price tag on the environmental damage that has happened. Even though $18.7 Billion may seem like a lot, but when you look at the SEC filings for BP, this fine only puts in a minor dent in their operations. Something like this is definitely going to happen again, rest assured, and I really believe there should be more awareness and crack down on “accidental spills” (e.g. operations restrictions, quotas, etc.)
Excerpt:
BP has been hit with a record fine of $18.7 billion (£12 billion) from the US government and five US states five years after the catastrophic Deepwater Horizon oil spill off the Gulf Coast. The settlement is being described as the largest ever environmental fine. BP has faced a deluge of legal claims since the April 2010 catastrophe, in which 11 workers were killed.
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Excerpt:
BP has been hit with a record fine of $18.7 billion (£12 billion) from the US government and five US states five years after the catastrophic Deepwater Horizon oil spill off the Gulf Coast. The settlement is being described as the largest ever environmental fine. BP has faced a deluge of legal claims since the April 2010 catastrophe, in which 11 workers were killed.
[Source] [More...]