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BP reaches record settlement with Justice Department
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Description
Oil company agrees to pay $4.5 billion in plea deal
- Duration 0:38
- Date Nov 15, 2012
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Transcript
This transcript is automatically generated
Right now out of New Orleans attorney general Eric Holder is about to speak about the government's four and a half million dollar settlement -- BP.
Over the 2010.
Gulf oil spill.
It's part of a plea agreement also covering a string of criminal charges.
That includes several felony counts related to the deaths of eleven oil rig workers -- the explosion that triggered this bill.
These latest penalties add -- more than 38 billion dollars BP already paid out in the disaster.
This plea agreement still needs court approval BP says the deal with the Justice Department will allow the company to focus on defending itself against civil claims.
