BP settlement in 2010 oil spill moves closer to approval


BP settlement in 2010 oil spill moves closer to approval AP 20 hrs ago

NEW ORLEANS (AP) — Details will be known soon in an $18 billion settlement agreement announced in July to resolve years of legal fighting over damage done by the 2010 Gulf of Mexico oil spill.

The Justice Department says the agreement involving the federal government, five Gulf states and BP PLC will be filed Monday. Then comes a 60-day public comment period — the next step toward final court approval.The settlement would end battles over economic and environmental damage done by the nearly 134-million-gallon spill. The […]