BP Denied Further Government Contracts

BP CEO, Tony Hayward

In the last couple of years, British Petroleum (BP) has been at the front of one of the greatest environmental messes in the history of the world and now they are facing huge whiplash. As of recent, BP executives were fined and 3 executives are being charged. There are a host of misdemeanors and felonies coming down the legal pipeline.

For the first time in over one hundred years of its operation (started in 1909), BP is now banned from being awarded any government contracts furthermore with the United States. In the last week, more charges have surfaced and it appears more are to come. BP is in violation of multiple federal Acts, possible murder charges because of the men killed during the Deepwater Horizon explosion, and obstructing justice.

BP is said to have spent over $40 billion cleaning up their mess on top of the $4.5 billion fine. This latest ban on the corporate giant might shock Wall Street to the core, but it comes as good news to the victim's families and those who were lied to and labeled "conspiracy theorists" from the beginning for demanding answers when nothing added up from the start and nobody in-charge at BP took responsibility for anything.