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02/07/2015 BP agrees to pay $18.7bn for Deepwater Horizon spill

BP, the U.S. Justice Department, and five Gulf states announced that the company agreed to pay a record settlement of $18.7 billion. To date, BP’s cost for the clean-up, environmental and economic damages and penalties has reached $54 billion.


  • Essentials 

  • Background 

  • Volume and extent of oil spill 

  • Efforts to stem the flow of oil 

  • Containment, collection and use of dispersants 

  • Access restrictions 

  • Cleanup 

  • Consequences 

  • Reactions 

  • Legal aspects and settlements 

  • In popular culture