The Presidential Daily Brief

important

  1. BP's hopes for avoiding 'negligence' penalties over the 2010 Deepwater Horizon oil disaster — pictured here — went up in smoke yesterday.

      BP Settles With U.S. on Deepwater Horizon Spill

    The oil spill from 2010 that spilled 4.9 million barrels of petrol into the Gulf of Mexico will cost BP $18.7 billion over 18 years to resolve claims by five U.S. states and the federal government. $5.5 billion of the settlement will be paid to cover penalties under the Federal Water Pollution Control Act, exceeding the previous Act record of $1 billion. The spill included the explosion of an oil well that killed 11 people, as well the sinking of the Deepwater Horizon rig. U.S. Attorney General Loretta Lynch said the settlement is the largest with a “single entity” is U.S. histor

This story is part of The Presidential Daily Brief

view full edition