US, Gulf states crafting BP spill settlement


  • Business Premium
  • Monday, 25 Feb 2013

NEW YORK: The US government and Gulf Coast states are considering offering BP Plc a deal under which it pays US$16bil to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, according to the Wall Street Journal.

The deal would cover the company's potential penalties under the Clean Water Act and payments under the Natural Resources Damage Assessment, the newspaper said, citing sources familiar with the discussions.

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Business , BP Plc , oil spill

   

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