How much was the BP settlement?
In 2015 the Justice Department and Gulf coast states reached a record civil settlement with BP that totaled over $20 billion, including a $5.5 billion civil penalty under the Clean Water Act, $8.1 billion in natural resource damages and $5.9 billion in payments to state and local governments.
How much did BP pay for the oil spill total?
Total BP money paid out pushing $60 billion It'll cost $6.4 million, but the city has that sum covered, thanks to their settlement with BP Oil. Almost 10 years since the Deepwater Horizon disaster in the Gulf of Mexico and five years from the settlement was announced, BP oil money is still coming to Tampa Bay.
What was the settlement for Deepwater Horizon?
It was largely settled when a Federal District judge approved the largest environmental damage settlement in United States history – $20.8 billion – on April 4, 2016.
What company agreed to a 4.5 billion settlement over a Gulf of Mexico oil spill?
BP agrees to pay $4.5 billion in fines and other penalties and pleads guilty to 14 criminal charges. The U.S. government bans BP from new federal contracts, imperiling the company's role as a top U.S. offshore oil producer and No.
Did anyone from BP go to jail?
(Reuters) - A former BP Plc BP. L rig supervisor who pleaded guilty to a misdemeanor charge in the 2010 Gulf of Mexico oil spill was sentenced to 10 months of probation on Wednesday, concluding a federal criminal case in which no one received prison time over the disaster.
Is the Deepwater Horizon well still leaking?
One oil well off the southeastern coast of Louisiana, owned by Taylor Energy, has been leaking since 2004, spilling between 300 and 700 barrels per day. The well's reserves could keep it leaking for the next 100 years if it isn't capped, meaning it will one day eclipse the Deepwater Horizon spill in terms of volume.
Who was guilty for Deepwater Horizon?
Mr. Vidrine pleaded guilty in December 2015 to a misdemeanor pollution charge and was sentenced to 10 months of probation. A jury acquitted Kaluza after a trial in which Mr. Vidrine testified as a government witness.
Who went to jail for Deepwater Horizon?
The Takeaway More than two years after the Deepwater Horizon drilling rig explosion that killed 11 workers and caused millions of barrels of oil to spill into the Gulf of Mexico, federal authorities have arrested Kurt Mix, a former BP engineer.
How much did BP pay in legal settlements following the Deepwater Horizon disaster?
BP to settle federal, state and local Deepwater Horizon claims for up to $18.7 billion with payments to be spread over 18 years.
Who was held responsible for the BP oil spill?
U.S. District Judge Carl Barbier said BP was mostly to blame for the 2010 Gulf of Mexico disaster, which killed 11 people and spewed oil into the water for 87 days. Barbier attributed 67% of the fault to BP, 30% to Transocean, which owned the Deepwater Horizon drilling rig, and 3% to Halliburton, the cement contractor.
How did they fix Deepwater Horizon?
On July 15, 2010, BP announced that it had successfully plugged the oil leak using a tightly fitted cap. The cap, weighing 75 tons and standing 30 feet (9.1 m) high, is now bolted to the failed blowout preventer. It consists of a Flange Transition Spool and a 3 Ram Stack and is a temporary solution.
Who were the victims of Deepwater Horizon?
They were sons, husbands, and fathers.Aaron Dale Burkeen, 37, Philadelphia, Mississippi.Karl Kleppinger Jr., 38, Natchez, Mississippi.Dewey Revette, 48, of State Line, Mississippi.Shane Roshto, 22, Liberty, Mississippi.Donald Clark, 49, of Newellton, Louisiana.Stephen Ray Curtis, 40, of Georgetown, Louisiana.More items...
How much did BP pay the families?
On Feb. 15, 2018, the Mexican government agreed to the $25.5 million payout from BP, in return for settling their lawsuit, clearing the transnational energy giant of all damages to Mexican waters.
How much was BP worth before the oil spill?
“Before the accident, BP had a market capitalization of $180 billion. The accident actually shaved off one-third of the market capitalization of the company. It's a miracle that the company is still in business.”
How much did BP pay in legal settlements following the Deepwater Horizon disaster?
BP to settle federal, state and local Deepwater Horizon claims for up to $18.7 billion with payments to be spread over 18 years.
What did Deepwater Horizon cost BP?
BP and its partners have spent $71 billion over 10 years on Deepwater Horizon disaster.