|Published:||Nov 15, 2012 8:55 AM EST|
|Updated:||Nov 15, 2012 12:42 PM EST|
NEW ORLEANS (AP) - U.S. Attorney General Eric Holder will speak in New Orleans about the government's $4.5 billion settlement with BP over the massive 2010 oil spill in the Gulf of Mexico.
The Department of Justice said Holder and top U.S. officials will hold a news conference at 1:00 p.m. CST about the wide-ranging settlement.
London-based BP PLC said in a statement it agreed to the penalty and to plead guilty to criminal charges including 11 felony counts of misconduct related to the deaths of 11 men in the rig explosion that triggered the oil spill.
The settlement total of $4.5 billion over five years includes nearly $1.3 billion in criminal fines - the largest such penalty ever - along with payments to several government agencies.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- President Obama's memorial speech for Nelson Mandela
- Texas woman to admit to sending ricin to Obama
- More snow forecast for DC area and Appalachians
- Stowaway from Jamaica found on ship in Tampa
- NTSB hearing on SF airliner crash postponed
- Obama in South Africa for Mandela memorial service
- Obama shakes hands with Cuba's Raul Castro
- Race against clock, cold in search for Nevadans
- Democrats using new power to tilt appeals court
- US skeptical NKorea moves will ease nuke tensions