.png)
.png)
Plaintiffs to benefit from $7.8 billion deal reached by BP
Around 100,000 persons in the Gulf of Mexico are to benefit from a $7.8 billion deal reached by BP over the 2010 Deepwater Horizon oil rig spill.
BP reaches $7.8 billion deal over the 2010 Deepwater Horizon oil rig spill
A $7.8 billion deal over the 2010 Deepwater Horizon oil rig spill was reached by BP with the largest group of plaintiffs suing the company.
Some 100,000 fishermen, local residents and clean-up workers whose livelihoods or health were affected by the spill will benefit from the deal reached.
The company still faces claims from the US and state government and drilling firms but still has not admitted liability after one of its rigs exploded in the Gulf of Mexico in April 2010.
Four million barrels of oil leaked into the Gulf and 11 workers were killed in the explosion.
BP said the money was expected to be taken from a $20 billion compensation fund which had previously been set aside by the company.
BP’s Chief Executive Bob Dudley said that BP immediately stepped to meet their obligations to the residents and fishermen in the Gulf Coast region and they worked hard to deliver the commitment for almost two years.
Lawyers acting on behalf of the Plaintiffs’ Steering Committee said that the greatest number of people will benefit from the settlement which will do “the greatest amount of good”.
