BP Reaches Settlement With U.S. For Oil Spill [VIDEO]

A settlement has been reached between oil giant BP and the United States government over the 2010 oil spill in the Gulf of Mexico. How do the people and businesses affected by the BP oil spill feel about the U.S. government settling all criminal charges with the oil giant for billions in cash fines?

FOX News Radio's Eben Brown report from Miami:

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Coastal Louisiana businesses have mixed feelings about BP settling oil spill criminal complaints for $4.5 billion dollars.

(Reuther) "As well as, hopefully, in the long term, go towards making small business owners whole again."

Stephen Reuther with the Chamber of Commerce in St. Bernard Parish. But attorney Joel Waltzer is representing 900 fisherman seeking damages:

(Waltzer) "It is a bit of an affront to the fishermen, who are going to be receiving far less, maybe only 20% of that amount."

And BP would have less money to pay them:

(Waltzer) "The fishermen would prefer to see people go to jail."

In Miami, Eben Brown, FOX News Radio.

What exactly does the BP settlement with the U.S. government entail?

FOX News Radio's Simon Owen reports from London:

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BP is to pay a record penalty of $4.5 billion dollars after pleading guilty to 14 charges relating to the Deepwater Horizon disaster in the Gulf of Mexico in 2010. Thirteen of those charges relate to the explosion on the rig which killed 11 workers and set off the massive oil spill. The 14th charge is one of obstructing Congress.

There is more to come for BP though, including individual civil claims, also state claims, and more claims under the Clean Water Act.

In London, Simon Owen, FOX News Radio.

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