Murkowski Comments on Justice Department Decision on BP Spill

WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski, R-Alaska, today released the following comment regarding the $4.5 billion in federal penalties imposed on oil company BP for the 2010 Deepwater Horizon explosion and oil spill that killed 11 people.

I’m pleased that BP, the Justice Department and the SEC have reached a settlement,” Murkowski said. “While no amount of money will compensate for the lives lost in or the environmental damage done by the explosion, I hope that this will provide a measure of closure for all involved.

BP will pay $4 billion in penalties and criminal fines, plus $525 million to the Securities and Exchange Commission. The agreement must be approved by a federal judge. BP and its partners also face civil charges and penalties under the Clean Water Act and other laws for the Gulf of Mexico spill.