After Years Of Litigation, BP Agrees To $18.7 Billion In Claims And Penalties For Historic Oil Spill


CREDIT: Shutterstock In simultaneous press conferences in Alabama, Louisiana, Mississippi, and Florida, the attorneys general of the states most directly impacted by the massive 2010 BP spill announced a “global deal” to settle years of litigation with the oil giant for a total of $18.7 billion.

The settlement, largely split between the five Gulf Coast states, includes $6.8 billion to Louisiana, $3.25 billion to Florida, $2.3 billion to Alabama, $2.2 billion to Mississippi, $750 million to Texas, and $5.5 billion in Clean Water Act penalties.

“Today, I am pleased to say that after productive discussions with BP over the previous several […]