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WallaceRitchie

(242 posts)

5. NET ZERO to BP

Reply to OhioChick (Original post)

Tue Jan 29, 2013, 02:57 PM

Jan 2013

Per this Fox Business article from 2011, BP wrote off $11.8 BILLION in Gulf spill related expenses for 2010:

http://www.foxbusiness.com/markets/2011/05/16/taxpayers-hook/

Criminal fine = $4 Billion
plus
Private Civil settlement = $7.8 Billion

You guessed it... a total of $11.8 Billion

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Highlight:

Judge OKs $4B BP oil spill criminal settlement; BP to plead guilty to manslaughter [View all] OhioChick Jan 2013 OP

So ... who goes to jail ? rickford66 Jan 2013 #1

This is BS Hula Popper Jan 2013 #2

Make BP sell Amoco, Arco, and Gulf Oil...eom Kolesar Jan 2013 #4

$4,000,000,000? Add about two more zeros to that figure Downtown Hound Jan 2013 #3

NET ZERO to BP WallaceRitchie Jan 2013 #5

I'm not defending BP davidpdx Jan 2013 #9

The fine will no doubt be written off their taxes, making it meaningless Demo_Chris Jan 2013 #6

Judge approves BP plea agreement, record $4 billion fine dipsydoodle Jan 2013 #7

BP exerted influence (bribed or threatened or blackmailed) over every aspect of Dustlawyer Jan 2013 #8