BP to pay £2.8bn over oil spill

BP is to pay £2.8bn to US authorities to settle claims relating to the Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 - the largest fine in US history. Two supervisors will face manslaughter charges over the deaths of 11 people.

Latest ITV News reports

BP to pay record fine over Deepwater oil spill disaster

BP is to pay $4.5bn (£2.8bn) to US authorities to settle claims relating to the Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 . It is the largest fine in US history.

Two BP supervisors will also face manslaughter charges over the deaths of 11 workers.

ITV News' Washington Correspondent Robert Moore reports.

Read more: BP to pay record criminal fine over Deepwater oil spill disaster

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US Attorney General on BP Deepwater deal

US Attorney General Eric Holder has said that the deal reached with BP over the Deepwater disaster is the "largest total criminal resolution in the history of the United States".

Speaking at a news conference, he also said:

It stands as a testament to the hard work of countless investigators, attorneys, support staff workers and other persons from the Deepwater taskforce to advance a complex and wide-ranging investigation that began even before the oil well was capped.

– US Attorney General Eric Holder

Greenpeace: BP deal does not hold 'guilty accountable'

Today's announcement of a proposed settlement between BP and the US government fails every aspect of the commonly accepted notion of penalty.

This proposed settlement would not hold the guilty accountable for their actions.

This fine amounts to a rounding error for a corporation the size of BP.

This proposed settlement would not protect the innocent.

Nothing in this proposed settlement gives any oil company incentive to be more careful in future operations. Cutting corners and skimping on safety will still be the rule of the day.

– Greenpeace senior investigator Mark Floegel

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BP statement on deal to pay £2.8bn fine to US

BP has issued a statement after it reached an agreement with US authorities over claims relating to the 2010 Deepwater Horizon disaster and agreed to pay a $4.5bn (£2.8 billion) fine.

It includes a record $1.26bn criminal fine.

All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region.

From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf.

We apologise for our role in the accident, and as today's resolution with the US government further reflects, we have accepted responsibility for our actions.

– Bob Dudley, BP’s Group Chief Executive

BP to pay the biggest criminal fine in US history

BP is to pay the biggest criminal fine in US history of $1.26bn, as part of a $4.5bn (£2.8bn) settlement related to the 2010 Deepwater Horizon disaster.

The oil giant plead guilty to a total of 14 criminal charges including 11 relating to the deaths of 11 workers

The previous record fine was held by Pfizer Inc, who paid a $1.3 billion fine in 2009 for a marketing fraud.

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