A federal judge has approved Transocean Ltd.'s agreement with the Justice Department to pay $1 billion in civil penalties for its role in the massive 2010 oil spill in the Gulf of Mexico.
U.S. District Judge Carl Barbier said in his ruling Tuesday that he found "no just reason for delay" in approving the civil settlement.
Last week, a different judge approved Transocean's criminal settlement with the federal government. The company pleaded guilty to a misdemeanor charge and will pay an additional $400 million in criminal penalties.
BP says it has failed to reach a settlement in advance of next week's civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against allegations of gross negligence in the U.S.'s biggest environmental disaster.
Rupert Bondy, the group's general counsel, said in a statement Tuesday that settlement demands were "not based on reality or the merits of the case."
Billions are at stake in the Feb. 25 trial in New Orleans to determine BP's civil liability. BP already agreed to a $4.5 billion settlement of federal criminal charges.
The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.
BP has agreed to a $4 billion settlement of a criminal case filed by the Justice Department over the 2010 oil spill in the Gulf of Mexico. A pending civil case could cost tens of billions of dollars more in penalties.
Originally published on Tue January 29, 2013 2:03 pm
A federal judge has approved a guilty plea by BP to manslaughter charges in connection with the 2010 Gulf oil spill.
The approved deal includes a record $4 billion in criminal penalties.
Eleven workers on the Deep Water Horizon rig died in the April 2010 explosion. BP pleaded guilty to manslaughter charges for those deaths and to lying to Congress about the amount of the oil spilling out into the Gulf of Mexico.
When the Deepwater Horizon exploded two years ago, spilling an unprecedented amount of oil into the Gulf, BP hired about 48,000 workers to clean up. Some of those workers have since reported health problems. There's just one clinic in Louisiana now dedicated to treating them. As WRKF's Tegan Wendland reports, the clinic has a rather controversial backer.
Actors, directors and theater groups all over the country are marking the anniversary of the BP oil spill this spring with a play. ‘The Way of the Water" focuses on the aftermath of 2010 Deepwater Horizon spill. It was written by an award-winning playwright and will be performed by a group of volunteers in Baton Rouge this weekend. WRKF's Tegan Wendland talked with local Director and doctoral theater student at LSU, Eric Mayer Garcia, about why he thought it was important to bring the play to Louisiana for the first time.The performance will be Saturday, June 1 at 7:30p.m.at The Red Shoes Center for Personal & Spiritual Growth, 2303 Government St. Donations are welcome.