The Settlement of the 2010 Oil Spill

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Posted by LLJ43 | Posted in BP Oil Spill | Posted on 03-07-2015

The Gulf of Mexico oil spill on behalf on BP was one of the most disastrous if not the worst oil spill in history. BP has finally settled on an environmental fine of 18.7 billion dollars that will be paid to the states to where the damage had occurred. The states will then continue taking measures to clean up the effects of the oil spill.

The U.S. justice apartment, Mississippi, Louisiana, Alabama, Texas, as well as Florida have all sued the BP company for compensation to be able to clean up the mess reports Lime Crime here. They sued the company specifically for damages that were not covered in the earlier settlement. This new settlement will end any future litigation between BP and the states. This settlement will allow for 18 years worth of cleanup to be paid for by the BP company.

The 2010 explosion at the Deepwater Horizon oil rig had cost the world 11 lives that cannot be replaced. This explosion also led to 4.2 million barrels of oil spewing out into the ocean. This oil was present in the Gulf for 87 days. Another issue of this explosion was also the effect that it had on wildlife and seafood. The damages for this are still being assessed. Ever since the disaster in 2010, humans and wildlife are still being affected. Dolphin fatalities for example are increasing with the left of residue that has been left the oil.