U. S. Justice, Gulf states crafting BP spill settlement
(Reuters) – The U. S. government and Gulf Coast states are considering offering BP Plc a deal under which it pays $16 billion to settle civil suits stemming from the deadly 2010 Deepwater Horizon explosion and oil spill, the Wall Street Journal reported on Friday. The deal would cover the company’s potential penalties under the Clean Water Act and payments under the Natural Resources Damage Assessment, the newspaper said, citing sources familiar with the discussions. It was unclear if the deal has been formally offered to BP. The U. S. Justice Department declined to comment. . . .
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