BP Oil Spill Settlement Payments Reach $5.61 Billion

BP Oil Spill Pelican

"Oiled Pelicans" by Louisiana GOHSEP is licensed under CC BY 2.0 As of July 31, plaintiffs harmed by the 2010 BP oil spill have been paid $5.61 billion by BP, pursuant to a 2012 settlement agreement, according to NOLA.com. Approximately $3.1 billion was paid to cover business economic loss claims, $1.5 billion was paid through the Seafood Compensation Program to commercial fisherman, vessel owners and others in the seafood industry and $278.3 million was paid to vessels hired to work during the spill cleanup through BP’s “Vessels of Opportunity” program. The 2012 settlement is separate from the $18.7 billion […]