Q: What is the BP criminal plea agreement?
A: On November 15, 2012, the U.S. Department of Justice and BP announced an agreement to resolve all criminal charges against BP resulting from the Deepwater Horizon oil disaster. In the agreement, BP agreed to plead guilty to 14 counts of criminal action and agreed to pay $4.0 billion. The bulk of this money will [...]
Q: What is the current status of the RESTORE Act?
A: Congress passed a version of the RESTORE the Gulf Coast States Act as part of the surface transportation bill on June 29, 2012. President Obama signed the Act into law on July 6, 2012. The RESTORE Act will direct 80% of any Clean Water Act civil penalties associated with the Deepwater Horizon oil spill [...]
Q: What are the economic damages claims?
A: The Oil Pollution Act requires that individuals, businesses, and governments be compensated for economic injuries and losses suffered as a result of an oil spill. Depending on the claim, the claimant, and what the claimant has already received, claims can be filed through an established claims process, with the responsible party, through the Oil Spill [...]