DOJ Announces $18.7 Billion Settlement With BP Over Gulf SpillJul-03-2015
The federal government and Gulf Coast states have reached an $18.7 billion settlement agreement with the oil company BP for the 2010 Deepwater Horizon spill in the Gulf of Mexico.
The settlement deal, announced by the Department of Justice on Friday, includes penalties for all remaining federal and state claims, such as civil penalties for violations of the Clean Water Act and for damages to natural resources. It is the largest settlement with a single company to date, according to DOJ.
The 2010 spill lasted 87 days and dumped more than 4 million barrels of oil into the Gulf. BP and the federal government had previously reached a $4 billion settlement over criminal charges stemming from the accident, which killed 11 workers.
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Posted by Ken at 1:43 AM -
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