By Did Deepwater Horizon survivors get a settlement?
In November 2012, BP agreed to pay $4.5 billion in criminal fines and fees to the federal government. The U.S. and state governments also filed a civil lawsuit against BP under environmental laws, which resulted in an $18.7 billion settlement in July 2015.
How much did BP pay survivors of Deepwater Horizon?
In March 2012, BP settled with them for $7.8 billion. As part of the settlement, it agreed to replace Feinberg with Patrick Juneau, a lawyer from Lafayette, La. The settlement made it much easier for companies and people to get compensation without any serious documentation.
How much money did BP lose from the oil spill?
We may never know the full extent of the ecological damage. BP paid dearly for the reckless corporate culture of cost-cutting and excessive risk-taking that caused the spill: more than US$60 billion in criminal and civil penalties, natural resource damages, economic claims and cleanup costs.
How much did BP pay for the oil spill?
(NOAA) Under the final consent decree, BP will pay the trustees up to $8.8 billion, the largest recovery of damages ever for injuries to natural resources, to restore the Gulf. The settlement includes: $1 billion already allocated during early restoration which began in 2011.
What was the settlement for the Deepwater Horizon oil spill?
The settlement includes: $1 billion already allocated during early restoration which began in 2011. $7.1 billion for restoration stretching more than 15 years beginning in 2017. Up to an additional $700 million to respond to natural resource damages unknown at the time of the agreement, and for adaptive management.
When did BP settle with the US government?
You have probably read or heard about some of the stories, ads, court filings or other reports on the landmark BP Settlement that was reached in April of 2012 with court-appointed attorneys.
Where was the oil spill in the Gulf of Mexico?
So began an 87-day oil spill that spewed 3.19 million barrels, or nearly 134 million gallons, into the Gulf of Mexico. It fouled the coasts of Florida, Alabama, Mississippi, Louisiana and Texas and launched a six-year long environmental and legal battle.