Attorney General Eric Holder on Thursday said the government has charged two BP employees for manslaughter for their roles in the Deepwater Horizon disaster in 2010. A third BP employee was charged with lying to federal investigators.
He revealed the charges in conjunction with his announcement of a $4.5 billion settlement agreement with BP over criminal charges and claims by the Securities and Exchange Commission. The company also agreed to plead guilty to 11 felony counts, including lying to Congress about the rate of the spill into the Gulf of Mexico.
Building on President Obama's request for legislation to beef up oversight of oil speculation, more than 40 House Democrats are asking the Justice Department to investigate whether oil speculators are manipulating the price of oil, The Hill reports.
U.S. officials on Wednesday announced the government will pay $1 billion to resolve claims going back as far as 100 years involving allegations that trusts for 41 Indian tribes were mismanaged, UPI reports.
House Democrats, led by Minority Leader Nancy Pelosi, used a hearing Wednesday on gas prices to press President Barack Obama to clamp down on market speculation, which they say is forcing consumers to pay more than they should at the pump.
Pelosi, D-Calif., said the hearing was intended to lay out the case for Attorney General Eric Holder to launch a major investigation of speculators through the Justice Department's Oil and Gas Price Fraud Working Group, which Obama reconstituted last month.
Attorney General Eric Holder told Congress on Tuesday that the Justice Department is prepared to go to trial against companies involved in the Gulf oil spill if ongoing negotiations do not result in a settlement.
At a hearing before a House appropriations subcommittee, the attorney general vowed that the federal government will hold people accountable in both a civil trial in federal court in New Orleans, if necessary, and in a criminal investigation.
Under questioning by Republican Rep. Jo Bonner of Alabama, Holder agreed that the accident was the worst environmental disaster in U.S. history.
A new report from the Congressional Budget Office said a carbon tax could bring in significant revenues and help reverse climate change at the cost of higher prices and lower incomes, The Hill reports.
The House Appropriations Committee proposed giving $24.3 billion to the subcommittee that finances the Interior Department, EPA and similar agencies, an 18-percent cut from fiscal 2013 levels, E&E News reports.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., and Ranking Member Lisa Murkowski, R-Alaska, called on the Forest Service to drop its plans to withhold funds from rural timber communities.