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BP 18.7 Billion Gulf Spill Settlement Clears Path to Close Books
BP agreed to pay 18.7 billion dollars to five Gulf Coast states as part of a settlement bringing total spill obligations to about 53.8 billion. The deal, described by officials as a historic milestone, aims to conclude civil claims tied to the Deepwater Horizon disaster that killed 11 workers and fouled beaches. The agreement could be tax advantageous for BP and pave the way for up to 20 major projects by 2020, with a public comment period and federal judge review to follow.
MENTIONED IN THIS ARTICLE
New Orleans
U.S
Gulf Coast
Bob Dudley
Justice Department
Gulf States
Brian Youngberg
Edward Jones