BP Owes $192 Billion for Gulf Oil Disaster, Not $15 Billion Settlement It’s Seeking

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BP Owes $ 192 Billion for Gulf Oil Disaster, Not $ 15 Billion Settlement It’s Seeking 11 Jun 2012 On Friday, the Financial Times reported that BP is hoping to reach an agreement with U.S. authorities which would require it to pay under $ 15 billion to settle all criminal and civil penalties arising from the 2010 Gulf oil disaster. The Department of Justice is reportedly seeking $ 20 to $ 25 billion. Negotiations between the DOJ and BP are accelerating and “an agreement could be reached before the Democratic party’s convention in September,” the FT reported… A straightforward application of just the most pertinent U.S. laws yields a fine of $ 192 billion.

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