15 November 2012 21:31 [Source: ICIS news]
HOUSTON (ICIS)--The Sierra Club, a prominent US environmental group, on Thursday rejected the federal penalties imposed on BP over the 2010 Gulf of Mexico oil spill as a "slap on the wrist" and said it would continue to pursue lawsuits seeking $60bn (€47bn) from the UK oil giant.
Earlier on Thursday, BP agreed to pay $4.5bn to settle federal criminal charges and all claims by the US securities regulator in connection with the Deepwater Horizon disaster, including a record $1.26bn in criminal fines.
"The people of the Gulf of Mexico have yet to be served a meaningful justice," the Sierra Club said in a statement.
The disaster "was no accident. It was the result of criminal negligence by BP", the group said.
The Sierra Club will continue the remaining lawsuits under the civil Clean Water Act and Oil Pollution Act, which could result in penalties exceeding $60bn, "which better reflects the harm BP inflicted on the Gulf," the statement said.
The club was founded in 1892 and claims to be the largest environmental group in the US.
($1 = €0.78)
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