BP's (NYSE:BP) Financial Compliance, Will They Pay

The top energy advisor for President Obama stated that BP (NYSE:BP) will be paying a "large financial penalty" for the oil spill in the Gulf of Mexico. The question remains if the company will take on their responsibilities and show financial compliance. He would not say as to whether criminal negligence charges were going to be taken against the company.

BP is now in the process of shifting from stopping the oil leak, to cleaning the oil that has polluted beaches and restoring economic health to the region. Director of The White House Office of Energy and Climate Change Policy, Carol Browner stressed that BP is anything but off the hook for the billions of dollars of penalties they will incur.

"BP will be held absolutely accountable. There will be a large financial penalty," said Browner. There has been over 205 million gallons, or 4.9 million barrels of the toxic crude oil released into the Gulf region. While about 800,000 barrels were able to be collected, contained, and funneled to ships on the waters surface.