BP seeks $15bn spill settlement (before the Democratic National Convention)

[alp227]

Source: Financial Times

BP is hoping to reach a settlement with the US authorities in which it would pay less than $15bn to resolve all criminal and civil penalties and damages arising from the 2010 Deepwater Horizon disaster, according to a person familiar with the discussions.

That figure is substantially less than the $25bn the Department of Justice is seeking from BP, the person said, adding that negotiations were accelerating. An agreement could be reached before the Democratic party’s convention in September.

BP and the DoJ declined to comment.

Efforts by Bob Dudley, BP chief executive, to rebuild the company have been hampered by lingering uncertainty over the scale of the final bill for the Gulf of Mexico disaster, which killed 11 men and caused the world’s largest offshore oil spill.

Read more: http://liveweb.archive.org/http://www.ft.com/cms/s/0/69771938-b184-11e1-9800-00144feabdc0.html#axzz1x8Q8jwr3

[proud2BlibKansan]

1. What does this have to do with the convention?

[dipsydoodle]

4. sfa

.

[proud2BlibKansan]

6. Huh?

[dipsydoodle]

7. Sweet fuck all.

.

[jpbollma]

2. screw them

double it to 50 billion.

[dipsydoodle]

3. LBN rules prohibit changing a headline

.Suggest you edit.

[truedelphi]

5. Funny how BP has the Big Bucks for ads

That are running during prime time TV, and that reassure us that the Gulf is a great place to visit.

And plenty of fresh seafood to indulge in while there. (As long as Corexit doesn't bother you.)

[solarman350]

8. So, paying a fine takes care of a criminal conviction?

Could some legal eagle tell me how paying money when criminally convicted prevents the felon from going to jail/prison? If corporation BP is criminally convicted in this case, and "corporations are people," will the officers of corporation BP be convicted felons and have a felony record?