Settlement reached in oil spill disaster - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Settlement reached in oil spill disaster

It's been three years since the accident that led to the worst offshore oil spill in U.S. history.

Those affected are finally seeing justice served now that a long-awaited settlement has been reached.

Oil giant BP has pleaded guilty to manslaughter charges for the death of 11 rig workers and will pay a record $4 billion in penalties.

A series of government investigations have blamed the 2010, blowout on time-saving, cost-cutting decisions by BP and its partners on the drilling project

The judge in the case says if the case had gone to trial there was a risk of BP getting a much lower fine, one potentially capped by law at $8.2 million.

The Justice Department also reached a separate settlement with rig owner Transocean.

Transocean agreed to plead guilty to a misdemeanor charge of violating the Clean Water Act and pay $1.4 billion in civil and criminal penalties.

The settlements still need to be accepted by a judge.

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