The federal government on Monday announced the details of a record $20-billion civil settlement with the British oil company BP over the 2010 explosion of the Deepwater Horizon oil rig in the Gulf of Mexico.
Atty. Gen. Loretta Lynch called it “the largest settlement with a single entity in American history.”
U.S. District Judge Carl Barbier in New Orleans had previously found that 134 million gallons of oil spilled into the gulf in the nearly three months that the well was not contained. Eleven oil workers died in the explosion.
“Once approved by the court, this agreement will launch one of the largest environmental restoration efforts the world has...