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Tue Jan 29, 2013, 04:33 PM

BP Exploration and Production Inc. Pleads Guilty, Is Sentenced to Pay Record $4 Billon for Crimes Su

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Source: DOJ Press Release

BP Exploration and Production Inc. pleaded guilty today to 14 criminal counts for its illegal conduct leading to and after the 2010 Deepwater Horizon disaster, and was sentenced to pay $4 billion in criminal fines and penalties, the largest criminal resolution in U.S. history, Attorney General Holder announced today.

“Today’s guilty plea and sentencing represent a significant step forward in the Justice Department’s ongoing efforts to seek justice on behalf of those affected by one of the worst environmental disasters in American history,” said Attorney General Holder. “I’m pleased to note that more than half of this landmark resolution – which totals $4 billion in penalties and fines, and represents the single largest criminal resolution ever – will help to provide direct support to Gulf Coast residents as communities throughout the region continue to recover and rebuild.”

“The Deepwater Horizon explosion was a national tragedy that resulted in the senseless deaths of 11 people and immense environmental damage,” said Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division. “Through the tenacious work of the Task Force, BP has received just punishment for its crimes leading up to and following the explosion. The Justice Department will keep a watchful eye on BP’s compliance with the plea agreement’s terms, including the requirements of full cooperation with the department’s ongoing criminal investigation, implementation of enhanced safety protocols and adherence to the recommendations of two newly installed monitors. Should BP fail to comply, we will act swiftly and firmly.”

BP’s guilty plea was accepted, and the sentence was imposed, by U.S. District Judge Sarah S. Vance of the Eastern District of Louisiana. During the guilty plea and sentencing proceeding, Judge Vance found, among other things, that the consequential fines imposed under the plea agreement far exceed any imposed in U.S. history, and are structured so that BP will feel the full brunt of the penalties. She also noted that the agreement provides just punishment and significant deterrence, requiring detailed drilling safeguards, monitors and other stringent, special conditions of probation so that BP’s future conduct will be closely watched.

Read more: http://www.justice.gov/opa/pr/2013/January/13-ag-123.html

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Reply BP Exploration and Production Inc. Pleads Guilty, Is Sentenced to Pay Record $4 Billon for Crimes Su (Original post)
UpInArms Jan 2013 OP
People b4 profits Jan 2013 #1
Silentnomore Jan 2013 #2
dballance Jan 2013 #3
triplepoint Jan 2013 #4
Dustlawyer Jan 2013 #5
dipsydoodle Jan 2013 #6
Lint Head Jan 2013 #7
Floridaphatman Jan 2013 #8
Lasher Jan 2013 #9

Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:39 PM

1. We the taxpayers foot the bill via the tax write-off of this "business expense."

 

And no executives are sanctioned in the least.

There is no justice in Obama's Department of Justice.

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:39 PM

2. And how many BP executives have been indicted ?

 

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:41 PM

3. So BP Pled Guilty to Manslaughter. That's Typically 10-15 Minimum Jail Time - Who's Going to Jail?

Since corporations are people now and BP is a corporation who's going to jail? I vote their CEO as a proxy for the corporation.

Nobody, of course, will go to jail. No one who is really personally responsible and knew there were safety issues. It will all be closed now with the triumphant $4 billion penalty that will not be paid by any one in management or who let this fiasco happen. So it's not at all a incentive for them to change their ways.

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:47 PM

4. Continue the Boycott/Buycott of BP

 

Last edited Tue Jan 29, 2013, 05:31 PM - Edit history (2)

Convict them with your money. Our zombie govt. is STILL on a corporate leash. Those who hold and control that leash won't EVER see the inside of a prison....EVER....not while they STILL hold that leash at least...

A bit more of this would be a good start:
.

(who's REALLY walking who here?)
.
.
For now, this is what we have:
.

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:57 PM

5. What a joke! I work on this case. The fine for the leak alone can range from $1,000 per barrel for

gross negligence. The fine should have been 20 billion, but instead they got the absolute minimum! This makes me want to puke! They have bought off the media, Republican coastal governors, the Plaintiff's Steering Committee, and the Judge. Their propaganda rules the day on the airwaves so you will never hear the truth from the coastal media on what happened for fear of the news outlet losing their biggest advertiser since the spill. They were on probation when this explosion happened because of what we proved in the Texas City explosion that killed 15 in 2005. Eric Holder refused to revoke probation and in fact ended it early. Why am I not surprised at this! They have persecuted these victims and dragged this out so they get desperate and take cheap money. Corporation DO control this country!

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:57 PM

6. Duplicate LBN

Posted earlier - 3 hours back.

http://www.democraticunderground.com/1014384133

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 04:59 PM

7. This is nothing more than the price of doing business for BP.

All of these types of corporations figure in the cost of settling criminal behavior spread over a quarterly bases. 4 billion is nothing and will not change their behavior. BP should be taken over and dissolved.

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 06:01 PM

8. Nothing will change

Untill the government is willing to put some CEO's in prison.

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Response to UpInArms (Original post)

Tue Jan 29, 2013, 06:15 PM

9. Locking...

Duplicate LBN thread, as noted by dipsydoodle. Please continue discussion in this earlier thread.

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