BP has agreed to pay $18.7 billion to settle all government claims that have arisen from the massive 2010 Deepwater Horizon spill which released 120 million gallons of oil into the Gulf of Mexico. In the wake of the spill, which ranks as one of the worst environmental disasters in US history, BP faced litigation from four states as well as more than 400 local government entities. The $18.7 billion – paid out over 18 years – will be divvied up among Florida, Alabama, Mississippi, Louisiana, and local governments to settle environmental and economic damage claims as well as support restoration efforts along the Gulf Coast. Read more http://www.csmonitor.com/USA/USA-Up...lion-in-Deepwater-Horizon-disaster-settlement
