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November 16, 2012

Why $4.5 Billion Doesn't Get BP off the Hook

Paul Barrett, Bloomberg Businessweek


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BP (BP), as we know, has agreed to an historic settlement with the U.S. Department of Justice to resolve some more of its liability from the nation’s biggest oil spill ever. The basics seem simple enough: The London-based energy company will pay $4.5 billion, including a record $1.26 billion criminal fine, to end all criminal charges and settle U.S. securities claims stemming from the April 2010 Gulf of Mexico blowout that killed 11 men and spewed an estimated 4.9 million barrels of...

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