BP is admitting criminal responsibility for Deepwater Horizon oil spill. The company will pay the biggest criminal fine in US history.
The fines come from the April 2010 oil spill in the Gulf of Mexico. In the agreement, a majority of the $4.5 billion dollar fine reached Thursday a majority of the money will be dedicated to environmental restoration.
$2.4 billion will go to the National Fish and Wildlife Foundation. In addition $350 million will be paid to the National Academy of Sciences. Along the Gulf Coast, many are concerned about current and future environmental impacts from the oil spill.
Oystermen in Franklin County blame BP for low harvest in Apalachicola Bay, and with tourism being key, the beauty of our beaches is something many want to protect. Local officials say it is important to note that the civil trial between the US and BP is still pending, the status of those fines will determine how much will go to the restore act.