30 Jan '13, 10pm

BP’s federal penalty for the Gulf spill is final: $4 billion

BP’s federal penalty for the Gulf spill is final: $4 billion

A federal judge in New Orleans Tuesday approved a $4 billion plea agreement for criminal fines and penalties against oil giant BP for the 2010 Gulf oil spill, the largest criminal penalty in U.S. history. U.S. District Court Judge Sarah Vance imposed the terms that the Justice Department and BP had agreed to last November, which include the oil company pleading guilty to 14 criminal counts — among them, felony manslaughter charges — and the payment of a record $4 billion in criminal penalties over five years. Once you add in the $1.4 billion levied against Transocean , the total bill for polluting the Gulf of Mexico and killing 11 workers is $5.4 billion. Or, if you’re so inclined, $5.3 million a day since the explosion on April 20, 2010. Over the same time period, including BP’s $17 billion loss at the time of the explosion, BP has earned $25.966 billion in profit . Meani...

Full article: http://grist.org/news/bps-federal-penalty-for-the-gulf-sp...

Tweets

Sen. Reid proposes chopping $4 billion in oil subsidies to help the economy

Sen. Reid proposes chopping $4 billion in oil s...

grist.org 30 Jan '13, 10pm

A bit of surprising news this morning: The economy actually shrank in the fourth quarter of 2012. It was only down by an a...

Satellite Analysis Shows Gulf Oil Spills Typica...

e360.yale.edu 30 Jan '13, 5pm

30 Jan 2013: Satellite Analysis Shows Gulf Oil Spills Typically Underestimated An analysis of satellite images has reveale...

Singapore Bank Loans S$490.77 Billion December ...

foxbusiness.com 31 Jan '13, 3am

The Monetary Authority of Singapore Thursday released the following provisional bank lending data for December:December Ye...

Shank To Not Appeal #Rolex24 Penalty: @SPEED @MichaelShankRac

Shank To Not Appeal #Rolex24 Penalty: @SPEED @M...

auto-racing.speedtv.com 01 Feb '13, 6pm

Michael Shank Racing came back from a seven lap deficit to the leaders to finish third in the 2013 Rolex 24 at Daytona las...

4 Steps to Panda-Proof Your Website (Before It’s Too Late!)

4 Steps to Panda-Proof Your Website (Before It’...

searchenginewatch.com 05 Feb '13, 2pm

Placing an ad on Craigslist and conduct a “competition.” Despite what the critics say , this method works really and you c...