$8B BP oil spill settlement: Who really reaps the benefits?

OFF THE LOUISIANA COAST---The Premiere Explorer of Venice, La. stands by near a controlled burn of spilled oil from in the Deepwater Horizon/BP oil spill in the Gulf of Mexico June 9, 2010. Coast Guard Photo by Petty Officer First Class John Masson. (Photo by Deepwater Horizon Response)

OFF THE LOUISIANA COAST—The Premiere Explorer of Venice, La. stands by near a controlled burn of spilled oil from in the Deepwater Horizon/BP oil spill in the Gulf of Mexico June 9, 2010. Coast Guard Photo by Petty Officer First Class John Masson. (Photo by Deepwater Horizon Response) (MintPress)—British Petroleum (BP) recently announced it has reached an estimated $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC) in order to resolve economic loss, property damage and medical claims from the 2010 Deepwater Horizon accident and oil spill in the Gulf of Mexico, pending final approval by U.S. District Judge […]