After agreeing to pay the U.S. government $4.5 billion to settle criminal charges stemming from the Gulf oil spill, BP could face even higher civil penalties. Is such grave punishment in the government's best interest?
The National Academy of Engineering is recommending that oil and gas companies spend millions on a modified blowout preventer. This is the $45 million device that failed and caused the BP oil spill in the Gulf of Mexico.
A former BP engineer has been arrested and charged with intentionally destroying evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in 2010.