Federal BP Gulf Spill Settlement Analyzed

Two years after the Deepwater rig operated by British Petroleum exploded, spilling oil into the Gulf of Mexico, the company agreed to plead guilty to felony charges and is expected to pay $4.5 billion in fines. PBS NewsHour interviewed ProPublica’s Abrahm Lustgarten and John Young, president of Jefferson Parish, La., for their reactions and analysis.

Watch BP to Pay Largest Fine in U.S. History, Admit Guilt on PBS.

OTHER COVERAGE FROM AROUND THE WORLD:

Felonies Matter More Than Fines in BP Settlement (Houston Chronicle)
BP’s Profits-First Culture Prompts 11 Felony Guilty Pleas, $4.5B Fines (New Orleans Times-Picayune)
3 BP Officials Face New Criminal Charges in Deepwater Explosion, Spill (New Orleans Times-Picayune)
BP’s Settlement Is Only the Beginning of the End of the Gulf Oil Spill (Time Magazine)
BP Slapped With Record Fine (Wall Street Journal)
BP Will Plead Guilty and Pay Over $4 Billion (New York Times)
BP Agrees to Pay Largest Penalty in US history in $4.5B Gulf Oil Spill Deal (UK Guardian)
BP gets Record US Criminal Fine Over Deepwater Disaster (BBC)