Final BP Settlement for Deepwater Horizon Oil Spill

BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill. According to the NYTimes:

The Gulf Coast states and the federal government have reached a tentative settlement with BP for the British oil company to pay $18.7 billion over 18 years, to compensate for damages from the 2010 Deepwater Horizon oil spill, state officials said Thursday.

“This is a landmark settlement,” Gov. Robert Bentley of Alabama said. “It is designed to compensate the state for all the damages, both environmental and economic.”

The settlement covers suits filed by Alabama, Florida, Louisiana, Mississippi and Texas as well as the federal government.

Some additional information from The Guardian.

This entry was posted in Deepwater Horizon Oil Spill. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s