In 2010, BP's massive Deepwater Horizon oil rig exploded and burned off the coast of Louisiana, killing 11 workers and causing the biggest offshore oil spillage in history. For 87 days, until the well finally was capped, millions of gallons of environmentally damaging oil flowed into the Gulf of...
Now that there’s a finalized settlement between the Department of Justice and BP that puts an end to the legal debacle related to the 2010 explosion at the Deepwater Horizon oil well in the Gulf of Mexico — which left eleven dead and released millions of gallons of oil into the water — officials are taking a close look at …
Early this week, the Obama Administration announced that it had finalized the terms of its settlement with BP (BP) stemming from the 2010 Deepwater Horizon oil spill. The final price tag will come in at $20.8 billion, which was higher than the $18.7 billion announced as recently as July. Nevertheless, this removes a major source [...]
The reckoning has finally come for British Petroleum’s massive 2010 oil spill off the Gulf Coast, with a court settlement of nearly $21 billion related to the disaster. The Washington Examiner reports that the money will be split upShow More Summary
BP will pay a $20.8 billion final settlement to resolve environmental damage claims related to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The final settlement, announced yesterday by the US Department of Justice and five Gulf states, is about $2 million more than the tentative settlement, announced in July, and is […]
WASHINGTON (AP) — The Justice Department and five states on Monday announced a $20 billion final settlement of environmental damage claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
Fusion, The Gulf Oil Spill Settlement Lets BP Get Away With Not Paying $5.35 Billion in Taxes: In announcing the final $20.8 billion settlement with BP over the 2010 Deepwater Horizon oil spill, Attorney General Loretta Lynch said on Monday, “BP is receiving the punishment it deserves.” What she didn’t...
The federal government on Monday announced the details of a record $20-billion civil settlement with the British oil company BP over the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico. Atty. Gen. Loretta Lynch called it “the largest settlement with a single entity in American...
The Obama Administration has reached a final settlement with BP in the amount of $20.8 billion over the oil giant’s culpability in the 2010 Deepwater Horizon spill. According to the Wall Street Journal, the Justice Department was close to reaching a BP settlement deal last July. Show More Summary
It's to be hoped that the American taxpaying public is thrilled with the $20.8-billion settlement announced Monday between BP and the Dept. of Justice over the 2010 Deepwater Horizon oil spill. That's because the taxpayers are likely to cover a large portion of BP's bill. Earlier estimates of the...
Deal settles all civil claims against BP, binds company to clean up Gulf Coast area; oil spill washed up on 1,300 miles of shoreline
By Rakteem Katakey, Del Quentin Wilber and Margaret Cronin Fisk (Bloomberg) — The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The settlement is the largest in […] .
The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Continue reading ? The post U.S., five states announce settlement with BP over gulf oil spill appeared first on PBS NewsHour.
The rig explosion in 2010 killed 11 workers and spewed millions of barrels of oil onto the shorelines of several states.
US says terms of record settlement finalised over Deepwater Horizon oil spill.
The US Department of Justice has secured a record resolution of over $20 billion for claims against BP for its 2010 Deepwater Horizon oil spill in the Gulf of Mexico, Attorney General Loretta Lynch announced during a press conference on Monday.
WASHINGTON (Reuters) - The United States on Monday will announce its resolution of federal and state claims against BP PLC over the 2010 Deepwater Horizon Oil Spill, the U.S. Department of Justice said in a statement,
Volkswagen has hired the US law firm that defended BP after the 2010 Deepwater Horizon oil spill to help the carmaker navigate the widening scandal over its falsification of vehicle emission tests results.
Volkswagen has hired the law firm that defended BP during the Deepwater Horizon oil spill for the automaker's aid in the diesel emissions scandal. Continue reading VW lawyers up with firm that defended BP VW lawyers up with firm that defended BP originally appeared on Autoblog on Wed, 23 Sep 2015 13:30:00 EST. Show More Summary
After years of trying to turn things around following the Deepwater Horizon oil spill, BP is still running into significant challenges. A new report from the Wall Street Journal finds that a multibillion dollar investment in India is not working out as planned for the British oil major. Show More Summary