KBTX | Bryan & College Station, TX | Aggieland News

BP Begins to Put Spill Behind it With Settlement

By: Associated Press
By: Associated Press

BP has taken a major step toward putting the nation's worst oil spill behind it by agreeing to a $7.8 billion settlement of lawsuits filed by 100,000 victims.

Analysts say they now expect BP to move quickly to settle the rest of the claims against it.

If approved by the court, Friday's settlement could remove one of BP's biggest legal and financial threats arising from the spill. But it does not resolve state claims against the company or federal fines and penalties that could reach $21.1 billion. BP is also mired in lawsuits with some of its partners in the Macondo project in the Gulf of Mexico.

The accident in April 2010 killed 11 workers, spilled an estimated 200 million gallons of oil and disrupted thousands of Gulf Coast lives.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 141295443 - kbtx.com/a?a=141295443