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Officials in four Gulf Coast states on Thursday announced a $19 billion settlement with BP to resolve claims in connection with the devastating 2010 oil spill, ending years of litigation.
In arguing against such a high penalty, BP has said its spill-related costs already were expected to exceed $42 billion -- even without the Clean Water Act fine. It's also unclear how much BP will end up paying under a 2012 settlement with individuals and businesses claiming spill-related losses.
Costs incurred by BP so far include an estimated $14 billion for response and cleanup and $4.5 billion in penalties announced after a settlement of a criminal case with the government.
originally posted by: UnderKingsPeak
Well if they end up paying that amount
I'll be shocked, because they never do.
It'll be in the millions not billions by the time