On Thursday, the British oil company BP agreed to pay $4 billion to settle criminal charges stemming from the 2010 oil spill in the Gulf of Mexico. In addition, the company will pay $525 million to the Securities and Exchange Commission. As part of the deal, BP pleaded guilty to 11 counts of misconduct or negligence related to the death of 11 oil-rig workers, as well as misdemeanor counts for violating the Clean Water Act and the Migratory Bird Treaty Act. "All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region," said BP chief executive Bob Dudley. The company could still face federal civil charges, which experts say could cost the company billions more to settle.
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