how much was bp fined for deepwater horizon
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Most Of BPâs $20.8 Billion Deepwater Horizon Fine Is Tax Deductible Most Of BP’s $20.8 Billion Deepwater Horizon Fine Is Tax Deductible By Charles Kennedy - Oct 07, 2015, 11:24 AM CDT The U.S. Justice Department touted its historic settlement with BP over charges related to the Deepwater Horizon disaster in 2010. BP will be forced to pay $20.8 billion, the largest settlement ever reached with a single entity. “BP is receiving the punishment it deserves,” U.S. Attorney General Loretta Lynch said in a statement. But is it really?
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Deepwater Horizon oil spill The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling was established on 22 May to consider the root causes of the disaster and offer options on safety and environmental precautions. The investigation by United States Attorney General Eric Holder was announced on 1 June 2010.
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Our biggest polluters: Water companies revealed to be worst for incidents which have left England's beaches and rivers no-go areas The average fine was £10,800 - a pittance in comparison with the £10.5billion customers paid the water companies in 2010-11. An Environment Agency spokesman said pollution could have a 'devastating effect on rivers, beaches, land, wildlife and, in the worst cases, communities'. MPs are concerned the penalties for pollution are too small to encourage the water companies to act to prevent it.
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- Compensation battle rages four years after BP's U.S. oil spill. Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over.
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Deutsche Bank fined $630m over Russia money laundering claims Deutsche Bank fined $630m over Russia money laundering claims. Authorities in US and UK issue fine after saying bank used offices in Moscow and London to move $10bn out of country. Deutsche Bank has been fined after New York and UK authorities found pervasive weakness in its money laundering safeguards.
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BP oil spill report â as it happened Throughout the Gulf oil spill, BP's high-ranking officials have touted what they call the firm's culture of safety and responsibility. But that self-proclaimed culture of safety is not what's reflected in the shortcuts BP engineers took on the Deepwater Horizon rig, ignoring warnings and leading to the death of 11 workers and the worst oil spill in the nation's history.
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403 Forbidden BP is still responsible for cleaning up discovered oil from the Macondo well, such as the tar mat found earlier this year near Pensacola Beach, Fla. The second largest amount, $12.9 billion as of March 31, has been paid out to settle more than 300,000 claims filed by individuals, businesses and governments. Those funds have been paid out of a $20 billion trust established by BP in 2010 to ensure funds would be available for the claims process.
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2016 to offer renewed hope for many BP claimants Then there was also the $18.7 billion settlement BP agreed to with government entities last July. For all of these positive and agreeable steps by BP, I am hopeful that 2016 will finally bring some relief that BP claimants have been hoping for all too long.
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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill Much of the settlement money in Louisiana will go to environmental protection and restoration along the state’s ravaged and rapidly disappearing coast. The state has spent years developing a master plan for addressing environmental damage and the wetlands loss that long preceded the BP spill.
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- 11 people died in the explosion and resulting fires of the Macondo Blowout on the BP Deepwater Horizon drilling rig in the Gulf of Mexico on 2010 April 20. 17 other men were injured in the explosion. Two more men were killed in related incidents, one of them possibly a suicide by a fisherman turned clean-up worker.
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What Is the Salary for a Graduate with a Math Degree? Career Options. Salaries of recent graduates with math degrees will vary based on their position. In addition, your location and employer all have an effect on earnings. Some entry-level jobs one can attain with a bachelor's degree in the field include actuary, mathematician, federal statistician and math teacher.hile many mathematician jobs require a master's degree or higher, entry-level positions with the federal government can be attained with a bachelor's degree.
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Transocean reaches $212 million settlement over oil spill claims In this Saturday, June 12, 2010 file photo, crude oil from the BP Deepwater Horizon spill is seen inside a wave as it washes ashore in Orange Beach, Ala. Transocean Ltd. has agreed to a nearly $212 million settlement with Gulf Coast individuals and business owners over the 2010 Gulf of Mexico oil spill, plaintiff's lawyers said Wednesday (May 20). Transocean was the owner of the Deepwater Horizon drilling rig, which sank after the April 20, 2010 blowout at BP's Macondo well.
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- Moving news forward. Nearly 6 Years After The BP Oil Spill, Government Issues New Rules To Prevent Major Spills. It’s been nearly six years to the day since the Deepwater Horizon drilling rig in the Gulf of Mexico exploded, killing 11 men and triggering the biggest offshore oil spill in U.S. history.
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Deutsche Bank fined for $10 billion Russian money-laundering scheme by Jethro Mullen @CNNMoneyInvest January 31, 2017: 5:32 AM ET. The giant German lender was hit with about $630 million in penalties on Tuesday over a $10 billion Russian money-laundering scheme that involved its Moscow, New York and London branches. It follows a $7.2 billion settlement Deutsche Bank reached with the U.S. Department of Justice last month over toxic mortgage assets and the $2.5 billion it agreed to pay in 2015 over interest rate manipulation.
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Total S.A. The Total SA company was also fined $550,000 for the amount of marine pollution that came from it. After the oil spill they tried to restore their image and have opened a sea turtle conservation project in Masirah in recent years.
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BPâs âgross negligenceâ caused Gulf oil spill, federal judge rules A federal judge in New Orleans on Thursday ruled that BP’s “gross negligence” and “willful misconduct” had caused the massive oil spill in the Gulf of Mexico in 2010 and that the company’s “reckless” behavior made it subject to fines of as much as $4,300 a barrel under the Clean Water Act.
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DeepWater Horizon Settlement Begins Tomorrow No out of pocket expenses. For your convenience and those of our DeepWater Horizon settlement teams we will be your liaison for gathering all documentation and creating your claim packet. Therefore, if you want to know where your claim stands, you just have one phone number to call…. 1-800-BP-CLAIMS.
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- BP settles Gulf oil spill claims for record $18.7B. British oil giant BP has agreed to pay the federal government and five states up to $18.7 billion to settle environmental claims from the 2010 Gulf of Mexico oil spill, the largest settlement with a single entity in United States history.
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- BP stock has lost about 50% of it’s value over the last 3 months. The Deepwater Horizon explosion and subsequent oil spill have sent the stock on a downward spiral.However, with the recent discussions and agreements with the US Government, the stock seems to have stabilized around $30, with some people saying that BP is now a buy.es, BP is a great stock to invest in as for as long term goes. this is simply because the US goverment doesn’t want to pay for BP’s mistake, therefore they need BP to stay in business to generate cash to pay for the cleanup.
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BNP's $9 Billion Fine Is Just The Start As US Eyes More Firms WASHINGTON (Reuters) - BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the financial food chain.
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Cash flow issues impact deepwater rig day rates 05/28/2014. Offshore staff. HAMILTON, Bermuda – Day rates for deepwater drilling rigs may be dipping, according to Seadrill’s latest statement. Although recent contracts indicate rates of $500,000-550,000/d, Seadrill believes some of its main competitors will accept levels for sixth-generation vessels in the $425,000-475,000/d range.
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Civil Cases and Settlements The Department of Justice and the U.S. Environmental Protection Agency (EPA) announced today that Dominion Energy has agreed to pay a $3.4 million civil penalty and spend approximately $9.8 million on environmental mitigation projects to resolve Clean Air Act (CAA) violations.
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BP Oil Spill Damages to Stretch Insurance Coverage BP Oil Spill Damages to Stretch Insurance Coverage. BP and its partners on the Deepwater Horizon oil rig do not have enough insurance to cover the potential damages sought in litigation so far, according to an analysis by insurance information provider Advisen. Advisen maintains a database tracking significant lawsuits filed against companies and their directors and officers.
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Jury acquits BP exec accused of lying about oil spill flow Rainey has pleaded not guilty to charges. A jury on Friday (June 5) acquitted former BP executive David Rainey on a charge he lied to federal agents about the 2010 Gulf of Mexico oil spill. Rainey and his family seated in the courtroom galley let out a collective sigh of relief as the U.S. District Judge Kurt Englehardt read the verdict.
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3 BP executives indicted over Gulf oil spill Fire crews battle a blaze on the Deepwater Horizon oil rig owned by the British oil company BP on April 21, 2010, in the Gulf of Mexico near New Orleans. The Deepwater Horizon oil platform burns on April 22, 2010, before sinking into the Gulf of Mexico.
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Manslaughter charges dropped against two BP employees in Deepwater spill Earlier this year, David Rainey, a former BP executive, was acquitted of charges that he hindered an investigation into the oil spill by manipulating calculations on how much oil flooded into the Gulf of Mexico.