Did BP Get Off Cheaply? Antonia Juhasz on $18.7B Gulf Oil Spill Settlement

spillbad71215

BP has reached an $18.7 billion settlement to resolve all government claims resulting from the 2010 Deepwater Horizon explosion, the worst offshore oil spill in world history. If confirmed by a federal judge, it would be the largest environmental settlement in U.S. history and the largest ever by a single entity. The agreement covers damages sought by the federal government, the states of Alabama, Florida, Louisiana, Mississippi and Texas, as well as more than 400 civic entities along the Gulf Coast. The payment includes a $5.5 billion civil penalty under the Clean Water Act and a $7.1 billion fine […]