AG Holder: Investigation of BP Spill to Continue

BP Settles With US for $4.5 Billion in Gulf Spill

AG Holder: Investigation of BP Spill to Continue

London-based oil giant BP settles with the U.S. for $4.5 billion for the 2010 Gulf oil spill. The company agrees to plead guilty to 12 felony counts.

Published November 15, 2012

NEW ORLEANS (AP) — U.S. Attorney General Eric Holder says the BP settlement is the just the latest step in ongoing efforts to seek justice for the massive 2010 Gulf oil spill.

Holder said at a news conference that the settlement announced Thursday isn't the end of federal authorities' efforts and that the criminal investigation is continuing.

BP PLC has agreed to pay $4.5 billion in a settlement with the U.S. government over the disaster. Holder says much of that money will be used to restore the environment in the Gulf.

BP also said it would plead guilty to criminal charges related to the deaths of 11 workers and lying to Congress. Three men who worked for BP have also been charged in indictments unsealed Thursday.

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(Photo: AP Photo/US Coast Guard, File)

Written by Michael Kunzelman, Associated Press


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