BP to Pay $2.3 Billion to Alabama in Deepwater Horizon Spill Settlement

Oil lickign from pipe

Oil lickign from pipe Alabama will receive $2.3 billion as part of BP’s settlement for environmental and economic damages stemming from its 2010 Deepwater Horizon Oil spill, officials announced on Thursday, July 2.

According to AL.com, Gov. Robert Bentley said the state will receive its $1 billion in economic damage payments over a span of 18 years, while the environmental damages will amount to $1.3 billion over the same period.

During his announcement at the State Capitol, the governor called the spill the worst environmental disaster in American history, with its effects on the Alabama gulf coast being particularly detrimental.“With the […]