On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
42° Feels Like: 37°
Wind: W 8 mph Past 24 hrs - Precip: 0.08”
Current Radar for Zip

Tonight

Rain 40°

Tomorrow

PM Showers 59°

Sat Night

Mostly Clear 34°

Alerts

BP, U.S. Justice Department close to oil spill settlement: WSJ

(Reuters) - BP PLC and the U.S. Justice Department are close to a broad deal that would release the company from additional civil and criminal liabilities arising out of 2010 Deepwater Horizon disaster, the Wall Street Journal reported, citing people familiar with the talks.

BP in March reached an estimated $7.8 billion deal to resolve its liability with plaintiffs, a wide-ranging group that represents condominium owners, fishermen, hoteliers, restaurant owners and others who say their livelihood was damaged by the spill.

A settlement with the Justice Department would resolve BP's biggest remaining liability from the rig explosion that killed 11 workers and led to the worst offshore oil spill in U.S. history.

BP could be liable for between $5.4 billion and $21 billion in civil penalties under the Clean Water Act alone, depending on whether it were found to be grossly negligent, which it has denied, the paper said (http://link.reuters.com/nef33t).

Both BP and Justice Department declined to comment to Reuters when contacted about the Journal report.

(Reporting by Sakthi Prasad in Bangalore; Editing by Ken Wills)

Comments