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| Picture by: Justin E. Stumberg |
It has almost been two years since the Deepwater Horizon oil spill in the Gulf of Mexico, BP is expected to plead guilty and pay a record fine of $4.5 billion over six years. The fine that BP faces will exceed the fine that the pharmaceutical drug maker Pfizer was charged ($1 billion). The National Fish & Wildlife Foundation (NFWF) and National Academy of Science (NAS) are expected to be one of the many recipients that will be on the receiving end of this case. BP will also face 11 criminal charges from the 11 lives that were lost.
During the spill, BP reported a loss of $17 billion, but over the nine quarters BP has reported a profit of $43 billion. For the amount of oil spilled, lives lost, and a whole lot of conspiracy behind covering each other and themselves will come to justice today. Having the pressure to contain the spill may be a headache, but had BP not bypass inspections and take shortcuts, maybe there would be no historic oil spill. The process that BP took clearly lined them up for failure; Swiss cheese, what could go wrong went wrong.
http://money.cnn.com/2012/11/15/news/bp-oil-spill-settlement/index.html?hpt=hp_t1
http://www.npr.org/blogs/thetwo-way/2012/11/15/165190956/bp-expected-to-plead-guilty-pay-record-fine-in-gulf-oil-spill-criminal-case
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