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A sign for a BP filling station is pictured in central London on October 30, 2012. BP posted earnings far stronger than expected and hiked its dividend as the British energy giant prepared for a new Russia adventure after being rocked by the devastating Gulf of Mexico oil spill.
The oil company BP will pay $4.5 billion to settle criminal charges related to the Deep Water Horizon explosion and oil spill. BP pled guilty to criminal misconduct charges related to the deaths of 11 workers who perished on the rig.
The wide-ranging settlement essentially resolves all criminal claims against the company, but BP still faces billions of dollars in claims from civil suits.
Joining us with more on all this is Abraham Lustgarten, reporter with Pro Publica, and the author of the book "Run To Failure," about the oil spill.