Truthdig - Tag - Tyler Slocum

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Rise Up or Die

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Tag: Tyler Slocum

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The Public Cost of BP’s ‘Pathetic’ Fine

BP’s record settlement of $4.5 billion for damages caused by the explosion and spill of the Deepwater Horizon oil rig in 2010 is the largest criminal fine in U.S. history, but at a fifth of the company’s 2011 profits, to be paid over a span of five years, it amounts to a “pathetic” slap on the wrist, says Public Citizen’s Tyler Slocum.