BP, Gulf states, reach record $18.7B settlement over 2010 spill

BP oil spill agreement

Alabama Attorney General Luther Strange speaks about a state settlement with BP for the 2010 oil spill in the Gulf of Mexico, Thursday, July 2, 2015, at the Capitol building in Montgomery, Ala. (Albert Cesare/The Montgomery Advertiser) NEW ORLEANS — British oil giant BP and five U.S. Gulf states announced a record $18.7 billion record settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy company’s oil spill in 2010. It was one of the worst environmental disasters, and the biggest offshore oil spill, in U.S. history.

The settlement, if accepted by […]