News Briefs

  Adar 14, 5773 , 24/02/13

Report: US Plans $16 Billion Gulf Settlement With BP

U.S. authorities plan to propose a $16 billion settlement to energy giant British Petroleum (BP) for civil claims related to the disastrous 2010 oil spill in the Gulf of Mexico, The Wall Street Journal reported. Citing individuals familiar with the discussions, the newspaper said late Friday that the settlement would cover fines BP owes under the Clean Water Act, a federal water pollution law, as well as payments under the Natural Resources Damage Assessment, an environmental evaluation.

Other archived news briefs:Feb 24 2013, 03:53 PM, 2/24/2013