The numbers that surround the 2010 Deepwater Horizon (Macondo) disaster are sobering. 4.2 million barrels of oil sent gushing into the Gulf of Mexico. 11 lives lost. On July 2, the US Justice Department marked another significant amount in the Deepwater saga – one that looks to provide a long-awaited sense of finality for all parties, including BP.
In the largest environmental settlement in US history, BP has agreed to pay $18.7 billion to five U.S. states and 400 government agencies over a period of 18 years in order to resolve the remaining legal matters concerning 2010’s Deepwater Horizon spill.