What is in this article?:
- Judge Approves BP's $4.5 Billion Plea Deal over Gulf of Mexico Oil Spill
- Shared Liability Could Emerge
BP America Vice President Luke Keller apologized to the families of the deceased and other victims at the hearing in New Orleans: "Our guilty plea makes clear, BP understands and acknowledges its role in that tragedy, and we apologize -- BP apologizes -- to all those injured and especially to the families of the lost loved ones," Keller said according to a statement.
CHICAGO -- A U.S. judge on Tuesday approved a $4.5 billion deal in which BP PLC pleaded guilty to criminal charges from the 2010 Gulf of Mexico oil spill -- but the British energy giant's legal woes are far from over.
BP (IW 1000/4) is set to return to the Louisiana courthouse on Feb. 25 for a mammoth trial consolidating scores of remaining lawsuits stemming from the worst environmental disaster to strike the United States.
It must also still resolve a civil case on environmental fines that could amount to as much as $18 billion if gross negligence is found. It also remains on the hook for billions in economic damages, including the cost of environmental rehabilitation.
The blowout on the BP-leased Deepwater Horizon drilling rig on April 20, 2010, killed 11 people and unleashed some 4.9 million barrels of oil into the Gulf, blackening beaches in five states and crippling the region's tourism and fishing industries.
BP America Vice President Luke Keller apologized to the families of the deceased and other victims at the hearing in New Orleans.
"Our guilty plea makes clear, BP understands and acknowledges its role in that tragedy, and we apologize -- BP apologizes -- to all those injured and especially to the families of the lost loved ones," Keller said according to a statement provided by BP.
"BP is also sorry for the harm to the environment that resulted from the spill, and we apologize to the individuals and communities who were injured."
It took 87 days to cap BP's runaway well located 5,000 feet (1,500 meters) below the ocean surface and about 40 miles (65 km) off the coast of Louisiana.
BP pleaded guilty in Nov. to 11 counts of manslaughter, one count of felony obstruction of Congress and two environmental violations.
The guilty plea led the Environmental Protection Agency to temporarily bar the British energy giant from entering into any new government contracts, from supplying oil to the military to obtaining the right to explore new tracts of land and ocean.
"While BP's discussions with the EPA have been taking place in parallel to the court proceedings on the criminal plea, the company's work toward reaching an administrative agreement with the EPA is a separate process, and it may take some time to resolve issues relating to such an agreement," BP said.