BP admits criminal liability for Gulf spill

BP reached a plea agreement admitting criminal liability for the explosion and oil spill at its Macondo well in the Gulf of Mexico in 2010, settling manslaughter, obstruction of justice and securities charges for $4.5 billion. BP pleaded guilty to 12 counts of felony and two misdemeanors. Three BP employees could be sentenced to decades in prison if convicted of charges made under a separate criminal complaint by the U.S. Justice Department.

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