BP seeks $15bn spill settlement (before the Democratic National Convention)
Source: Financial Times
BP is hoping to reach a settlement with the US authorities in which it would pay less than $15bn to resolve all criminal and civil penalties and damages arising from the 2010 Deepwater Horizon disaster, according to a person familiar with the discussions.
That figure is substantially less than the $25bn the Department of Justice is seeking from BP, the person said, adding that negotiations were accelerating. An agreement could be reached before the Democratic partys convention in September.
BP and the DoJ declined to comment.
Efforts by Bob Dudley, BP chief executive, to rebuild the company have been hampered by lingering uncertainty over the scale of the final bill for the Gulf of Mexico disaster, which killed 11 men and caused the worlds largest offshore oil spill.
Read more: http://liveweb.archive.org/http://www.ft.com/cms/s/0/69771938-b184-11e1-9800-00144feabdc0.html#axzz1x8Q8jwr3
proud2BlibKansan
(96,793 posts)dipsydoodle
(42,239 posts).
proud2BlibKansan
(96,793 posts)dipsydoodle
(42,239 posts).
jpbollma
(552 posts)double it to 50 billion.
dipsydoodle
(42,239 posts).Suggest you edit.
truedelphi
(32,324 posts)That are running during prime time TV, and that reassure us that the Gulf is a great place to visit.
And plenty of fresh seafood to indulge in while there. (As long as Corexit doesn't bother you.)
solarman350
(136 posts)Could some legal eagle tell me how paying money when criminally convicted prevents the felon from going to jail/prison? If corporation BP is criminally convicted in this case, and "corporations are people," will the officers of corporation BP be convicted felons and have a felony record?