BP is set to receive a record fine of between $3bn and $5bn (£1.9bn-£3.2bn) to settle criminal charges related to the 2010 Deepwater Horizon
disaster, the BBC has learnt.
It will be the biggest criminal penalty in US history, BBC business editor Robert Peston says.
The settlement with the Department of Justice involves BP pleading guilty to criminal charges.
It is thought that up to four BP staff may be arrested, Robert Peston says.
Fair enough.. BP is getting fined..
But who benefits from the money?
All those who lost their business or have been directly out of home/pocket due to the disaster?
Will the money go towards paying off any deficit... anywhere?
Would it get plit up and divided out to everyone as part of the apology?
None of the above I suspect.
It'll more than likely sit in some bank account keeping that particular bank floating..
It seems that this fine is just because of the disaster and not for any other 'payments'
BP said that any deal would not include a range of other claims including individual and federal claims for damages under the Clean Water Act, and
state claims for economic loss.
I'd guess they're hoping that not everyone will chase them through the courts due to costs and time involved so they wont have to pay out as much if
it was all in one basket..
With $38bn booked for any and all future total payouts, BP sure looks like it is in deep water itself.. and rightly so.
Should be shut down and allassets sold off to and all monies distributed to everyone on thye planet seeing as BP has contributed to polluting it in
such a massive way..
edit on 15-11-2012 by Extralien because: (no reason given)