“billion” with a capital bp

(Bob Reck)

BP Must Pay $20.8 Billion In Finalized Settlement With Feds, Five States For 2010 Gulf Disaster

Three months after the Department of Justice and BP announced they had come to an agreement to put an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico that left eleven people dead and released millions of gallons of oil into the water, the deal has been finalized for $20.8 billion — about $1.3 billion more than the oil company estimated in July.  [More]

(pdxmac)

BP Agrees To Pay $18.7 Billion (Over 18 Years) For 2010 Gulf Disaster

More than five years after an explosion at the Deepwater Horizon oil well in the Gulf of Mexico left eleven people dead and released untold amounts of oil into the water, BP has agreed to make $18.7 billion in payments — spread out over nearly two decades — to settle all federal and state claims related to the disaster. [More]