Current News Events~current News Today

How BP got bailed out by taxpayers

It’s been a rough year for the global oil and gas industry, and the last few months have seen BP pay $2.8 billion in penalties and fines for violating the Clean Water Act and the U.S. Clean Water Rule.

But BP didn’t just get off easy, it also got a new lease on life.

BP and other oil companies have been bailed out in a deal that would allow them to refinance on the cheap in the years ahead.

BP said it will pay $10.9 billion to the U,S.

and foreign governments over the next 10 years, and will repay the debt through dividends and share buybacks.

The company said it’s also paying $1 billion in interest over that time period, which it hopes to recoup by selling bonds to the public.

The deal also gives the U