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

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.

http://thinkprogress.org/climate/2015/07/02/3676487/bp-spill-state-cwa-settlement/

David Rencher

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