BP to pay billions to settle claims over 2010 oil spill - KWWL - Eastern Iowa Breaking News, Weather, Closings

BP to pay billions to settle claims over 2010 oil spill

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What's been deemed as the largest environmental disaster in United States history has resulted in a historic financial settlement.

BP has agreed to pay billions of dollars to settle claims related to the massive gulf oil spill in 2010.

The company will pay $18.7 billion to help reverse the damage in five Gulf Coast states.

BP was leasing the deepwater horizon rig when it exploded and sank off the coast of Louisiana, killing 11 crew members.

For three months, 200 million gallons of crude oil gushed into Gulf waters.
 

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