BP Agrees to Pay $7.8 Billion Oil Spill Settlement

BP Agrees to Pay $7.8 Billion Oil Spill Settlement Play

March 5 (Bloomberg) -- BP Plc has agreed to pay an estimated $7.8 billion to resolve private plaintiffs' claims for economic loss, property damage and injuries related to the 2010 Gulf of Mexico oil spill. The settlement, to be paid from a $20 billion trust for spill victims, doesn't resolve federal and state government environmental damage claims. BP has set aside $37 billion to cover spill costs. Olivia Sterns reports on Bloomberg Television's "Countdown" with Owen Thomas. (Source: Bloomberg)

Feed Most Popular

  • On Air Now

    Street Smart with Trish Regan Watch Now

  • Next

    Taking Stock with Pimm Fox

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus