Go Back  

BP to Pay Record $4B Fine for Gulf Oil Spill 

Current Rating:

Join NowJoin Now
  #1  
Old 11-15-2012, 12:49 PM
Clubhouse's Avatar
Clubhouse
Offline:
So Fucking Banned
Poster Rank:7
Join Date: Jun 2009
 
Mentioned: 217 Post(s)
Quoted: 25063 Post(s)
Activity Longevity
0/20 15/20
Today Posts
0/11 ssss65212
BP to Pay Record $4B Fine for Gulf Oil Spill

Still faces civil lawsuits, fines for environmental damage.




According to CNN, oil giant BP has reached a settlement with the US Department of Justice that will result in its pleading guilty to criminal charges connected to the Gulf Oil Spill. The result will be a fine of $4 billion paid over five years. That is the largest fine in US history, topping the previous record of $1.3 billion. Other details, which are still subject to judicial approval, will be announced later today.

The settlement will not end the company's legal liabilities. In addition to criminal issues, the company is likely to face fines due to the environmental damages it caused. Civil lawsuits are also pending. BP was not the only company responsible for the well, so legal wrangling could still go on for many years.

The spill was caused by the failure of hardware on the ocean floor at a newly drilled oil well. Because of the well's great depth and the high pressure with which oil and natural gas were escaping, it took weeks for hardware to successfully stop the flow. The result was one of the largest oil spills on record. The spill had a widespread impact on many Gulf communities, many of which rely on fisheries that were shut down or tourists who stayed away.


Original Article

Thread Contributions
1280px-bp_oil_spill_chandeleur_islandsla.jpg  

1280px-deepwater_horizon_oil_spill_-_may_24-_2010_-_with_locator.jpg  

Contributors to this thread: gatagato (367)
Reply With Quote
The Following 3 Users Say Thank You to Clubhouse For This Useful Post:
Darkest Angel, Faline, gatagato
  #2  
Old 11-15-2012, 04:10 PM
kellyhound's Avatar
kellyhound
Offline:
✝Moderator from Hell✝
Poster Rank:9
e-mail
Join Date: Oct 2006
Contributions: 413
 
Mentioned: 82 Post(s)
Quoted: 1759 Post(s)
Activity Longevity
14/20 20/20
Today Posts
11/11 ssss61202
Re: BP to Pay Record $4B Fine for Gulf Oil Spill

last year they had a profit of $5.4bn.
bastards.

__________________
Reply With Quote
The Following 3 Users Say Thank You to kellyhound For This Useful Post:
Clubhouse, Darkest Angel, gatagato
  #3  
Old 11-16-2012, 12:26 AM
Darkest Angel's Avatar
Darkest Angel
Offline:
Born in the USA
Poster Rank:74
100% female
Join Date: Jul 2012
Contributions: 1
 
Mentioned: 77 Post(s)
Quoted: 1785 Post(s)
Activity Longevity
2/20 9/20
Today Posts
0/11 ssss12899
Re: BP to Pay Record $4B Fine for Gulf Oil Spill

I don't think u can put a price tag on the ecological damage done.

Reply With Quote
The Following 4 Users Say Thank You to Darkest Angel For This Useful Post:
Clubhouse, gatagato, kellyhound, thisissick
  #4  
Old 11-16-2012, 01:20 PM
Spiffyfable's Avatar
Spiffyfable
Offline:
★ PSYCHOPOMP ★
Poster Rank:86
Man
Join Date: Oct 2009
 
Mentioned: 6 Post(s)
Quoted: 765 Post(s)
Activity Longevity
2/20 14/20
Today Posts
0/11 ssss11946
Re: BP to Pay Record $4B Fine for Gulf Oil Spill

ooOoooh... that's a lot of money!

I call Bullshit!

That's Pocket Change... Just ask George Lucas

Reply With Quote
  #5  
Old 11-19-2012, 06:01 AM
icheerthebull's Avatar
icheerthebull
Offline:
My Rank: MASTER SERGEANT
Poster Rank:290
Join Date: Jun 2011
Contributions: 3
 
Mentioned: 11 Post(s)
Quoted: 465 Post(s)
Activity Longevity
1/20 11/20
Today Posts
0/11 sssss2802
Re: BP to Pay Record $4B Fine for Gulf Oil Spill

This is a fine from the state. BP have been fined a total of 43 billion so far

Reply With Quote
  #6  
Old 11-25-2012, 06:17 PM
gatagato's Avatar
gatagato
Offline:
★ Moderator ★
Poster Rank:180
Male
Join Date: Jul 2009
Contributions: 367
 
Mentioned: 59 Post(s)
Quoted: 854 Post(s)
Activity Longevity
5/20 15/20
Today Posts
1/11 sssss5490
Contribution to the thread by gatagato:




Reply With Quote

Powered by vBulletin Copyright 2000-2010 Jelsoft Enterprises Limited.

Search Engine Friendly URLs by vBSEO