Eric Holder

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Oil

BP's Deepwater Horizon managers charged with manslaughter

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.

Oil

Holder: More charges likely in BP Gulf spill

Source: 
Bloomberg

Attorney Gen. Eric Holder said in the wake of the indictment against a former BP engineer that more charges are likely in the BP 2010 spill that fouled the Gulf of Mexico, Bloomberg reports.

Oil

House Democracts urge inquiry into oil speculators

Source: 
The Hill

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.

Government to pay $1 billion in settlements with 41 Indian tribes

Source: 
UPI

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.

 

Oil

Democrats urge Obama to lean on oil speculators

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.

Oil

Holder: Feds prepared for trial in Gulf spill

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.

GOP lawmakers ask Justice Dept. to toss out Solyndra loan deal

Source: 
The Hill

House GOP lawmakers on Friday called on Attorney General Eric Holder to invalidate the government's  loan restructuring deal with the failed solar company Solyndra, The Hill reports.

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