BP to pay $20.8 billion over Gulf of Mexico oil spillStaff writer ▼ | October 5, 2015
BP will pay $20.8 billion to settle civil suits from the federal government and five states.
Ecology Five years of legal fighting
It is the largest settlement with a single entity in the Department of Justice's history.
The final settlement with the US Department of Justice and some US states was significantly higher than a previously announced deal in which BP was set to pay $18.7 billion to resolve claims from government entities.
The deal resolved all civil claims against BP, ending five years of legal fighting over the nearly 134-million-gallon spill.
Among other requirements, BP will be forced to pay $5.5 billion in Clean Water Act penalties and nearly 45 billion to five US Gulf states - Alabama, Florida, Louisiana, Mississippi and Texas. ■