Judge clears BP's $7.8 bn settlement in US oil spill
- Published: 22 Dec 2012 at 12.46
- Online news: World
British oil giant BP won approval from a US federal judge of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.
Fire boats battle the blazing remnants of the off-shore oil rig Deepwater Horizon April 21, 2010. British oil giant BP won US court approval of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.
Although the deal Friday addresses the bulk of private claims over the Deepwater Horizon oil rig and the oil spill that resulted from its explosion, it does not affect an anticipated tens of billions of dollars in fines and claims from the US government and impacted coastal states and local governments.
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