BP Reached $20.8 Billion Civil Settlement Over Deepwater Horizon Pollution and Damages
Company: BP p.l.c.
Summary
In 2016, a federal court entered a $20.8 billion civil settlement resolving major government claims against BP arising from the Deepwater Horizon oil spill. The settlement resolved Clean Water Act civil penalties, natural-resource damage claims under the Oil Pollution Act, and economic-damage claims brought by Gulf states and local governments. EPA stated that the settlement included $5.5 billion in federal Clean Water Act penalties and $8.1 billion in natural-resource damages, with additional money directed to restoration and economic recovery. The settlement followed the April 20, 2010 Macondo well blowout and oil spill in the Gulf of Mexico. Sources: U.S. Environmental Protection Agency https://www.epa.gov/archive/epa/newsreleases/epa-announces-2016-annual-environmental-enforcement-results.html EPA financial report describing the settlement https://nepis.epa.gov/Exe/ZyPURL.cgi?Dockey=P100R9PD.TXT