Financial Times: BP Wants Settlement Below $15B on 2010 Oil Spill

Deepwater Horizon Gulf of Mexico Oil Spill

BP PLC hopes to pay less than $15 billion to settle all penalties with the Department of Justice over the massive oil spill in the Gulf of Mexico two years ago, the Financial Times reported Friday, citing a person familiar with the discussions.

The DOJ, however, wants the company to pay $25 billion and the discussions are accelerating, the person told the newspaper.

Copyright (c) 2012 Dow Jones & Company, Inc.


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chattree atul | Jun. 11, 2012
The disaster spells not only material loss to the company but to the ecology as well. but then justice should be done which would serve as a eyeopener for other concerns engaged in mining activities. --atul

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