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...
BP will spend the next 16 years paying down a staggering bill to restore the Gulf. Thom Mitchell reports.
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 […] .
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 …
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 DOJ announced that the Trustees in the BP Deepwater Horizon NRDA case have proposed to accept the settlement in principle with BP. The numbers appear to be pretty much the same as previously announced, with additional payments of $500 million for unanticipated restoration (in addition to the $232 million...
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 (AP) — The Justice Department and five states have finalized a settlement of more than $20 billion arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.
The resolution includes civil claims and "the restoration of natural resources in the Gulf of Mexico," the Justice Department says.
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,
Financial services company Credit Suisse reportedly says VW's diesel emissions disaster could cost the automaker up to $86 billion -- seven times the automaker's net profits last year.
Last week one of the biggest environmental scandals since the Deepwater Horizon disaster made its way to somewhere near the bottom of page 11 of most major newspapers. VW admitted to systematically cheating on emissions tests of its Diesel vehicles. This might sound snoozy, until you read up on the details. read more
Volkswagen has engaged the law firm Kirkland & Ellis, who defended BP in the aftermath of the Deepwater Horizon disaster in 2010. According to multiple sources, including The Guardian and Bloomberg, Volkswagen has hired Kirkland & Ellis to help it deal with investigations, as well as any impending civil and criminal claims. Sources have told […]
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.