BP to clear up criminal case for $4.5 billion

Posted: November 16, 2012 at 2:30 a.m.

U.S. Attorney General Eric Holder speaks about the 2010 BP Gulf oil spill settlement and criminal penalties at 400 Poydras Tower in the Central Business District of New Orleans on Thursday.

British oil company BP said Thursday that it would pay $4.5 billion in fines and other payments and plead guilty to 14 criminal charges in connection with a drilling rig explosion and giant oil spill in the Gulf of Mexico two years ago.

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Front Section, Pages 1 on 11/16/2012