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BP Appears in Court to Enter Criminal Plea Over Oil Spill

BP Plc appeared in federal court in New Orleans to answer U.S. charges brought over the 2010 Gulf of Mexico oil spill.

A not guilty plea today won’t affect its $4 billion criminal settlement with the federal government. BP announced the settlement with the U.S. Justice Department Nov. 15, agreeing to plead guilty and pay $4 billion to end all criminal charges related to the largest offshore oil spill in U.S. history. Under the plea deal, BP will enter a formal guilty plea at a later hearing.

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