Tag$7.8 billion settlement

UPDATED: The “largest criminal penalty in U.S. history” still isn’t enough to make BP pay for its crimes against the Gulf

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UPDATE: The settlement has been announced and there’s bad news and good news. The criminal fine — while on one hand it is indeed the largest in American history, at $4.5 billion — falls far short of making good on the damage BP did to the Gulf and is in fact less than the company typically earns in just one three-month quarter, according to its financial reports. The good news...

Stuart H. Smith is an attorney based in New Orleans fighting major oil companies and other polluters.
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