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BP pleads guilty to oil spill felony; to pay extra $4.5 billion

British oil company BP Plc pleaded guilty on Thursday to criminal charges relating to its 2010 oil spill and agreed to pay an extra $4.5 billion on top of the tens of billions it is already paying out.

BP said it would plead guilty to 11 felony counts of misconduct or neglect relating to the death of 11 workers, one misdemeanour count under the Clean Water Act, one misdemeanour count under the Migratory Bird Treaty Act, and one felony count of obstruction of Congress.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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