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Justice Department to Settle with BP for $20.8B over Deepwater Spill

HeadlineOct 06, 2015

The Justice Department says it has finalized a $20.8 billion settlement with BP to resolve all outstanding civil claims over the 2010 Deepwater Horizon oil disaster. It’s the largest civil settlement with any single entity in U.S. history. Attorney General Loretta Lynch praised the settlement as “a strong and fitting response to the worst environmental disaster in U.S. history.” But some groups are criticizing the terms of the deal for failing to stop BP from writing off some of the fines as tax breaks, with the Public Interest Research Group estimating when the settlement was first announced in July that BP will likely pay no more than $14 billion.

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