So now we have an answer to the talk of a settlement in the BP oil disaster case. The company will pay a total of $4.5 billion in fines and payments, as well as admit to criminal charges. But the fines and payments do not include civil violations of either the Clean Water Act or the Oil Pollution Act, which carry additional fines of up to $21 billion.
|By: David Dayen Thursday November 15, 2012 11:47 am|
|By: David Dayen Monday October 1, 2012 7:14 am|
The US government has still not reached a settlement with BP over the Deepwater Horizon oil spill in 2010, though talks continue. The issue concerns an upcoming lawsuit over violations of the Clean Water Act. A ruling that BP acted with “gross negligence” in their role in the disaster in the Gulf of Mexico triples the damages for the company, which is based on the amount of oil that spilled out of the well. This would come to roughly as high as $25 billion. The most precise figure we have is that 4.9 million barrels, or 205.8 million gallons, poured into the Gulf.
|By: David Dayen Tuesday December 13, 2011 4:25 pm|
The Congressional Progressive Caucus met with occupy representatives about legislation and also released today a new bill called the Restore the American Dream for the 99% Act, a combination of stimulative job creation measures, progressive taxation, a funding cut to draw down current wars and other measures popular with the mainstream of the country.