Arab Today, arab today bp reaches 78n deal over deepwater horizon oil spill
Last Updated : GMT 15:30:37
Arab Today, arab today
Arab Today, arab today

BP reaches $7.8n deal over Deepwater Horizon oil spill

Arab Today, arab today

Arab Today, arab today BP reaches $7.8n deal over Deepwater Horizon oil spill

Washington - Arabstoday

BP says it has reached a $7.8bn (£4.9bn) deal with the largest group of plaintiffs suing the company over the 2010 Deepwater Horizon oil rig spill. It will benefit some 100,000 fishermen, local residents and clean-up workers whose livelihoods or health suffered. The company has not admitted liability and still faces claims from the US and state governments, and drilling firms. The rig exploded in the Gulf of Mexico in April 2010, killing 11 workers and leaking four million barrels of oil. BP says it expects the money to come from a $20bn (£12.6bn) compensation fund it had previously set aside. \"From the beginning, BP stepped up to meet our obligations to the communities in the Gulf Coast region, and we\'ve worked hard to deliver on that commitment for nearly two years,\" BP Chief Executive Bob Dudley said. \"The proposed settlement represents significant progress toward resolving issues from the Deepwater Horizon accident and contributing further to economic and environmental restoration efforts along the Gulf Coast.\" Lawyers for the plaintiffs\' group, the Plaintiffs\' Steering Committee, said the settlement \"does the greatest amount of good for the greatest number of people\". Trial adjourned A trial in the case, due to begin on Monday, will now be delayed - for a second time - as a result of the deal, Judge Carl Barbier said. The settlement will \"likely result in a realignment of the parties,\" he said. The trial is now being adjourned \"in order to allow the parties to reassess their respective positions,\" Judge Barbier said. The trial was due to resolve claims for damages and civil penalties arising from the spill. Judge Barbier is an expert in maritime law and has consolidated hundreds of spill-related lawsuits into a single case. The trial will probably still go ahead in order to apportion blame for the spill among BP and its fellow defendants. Other companies involved include Transocean, who owned the rig, and Halliburton. All the companies are in dispute with each other over their liability to each other. BP has so far paid out $7.5bn in clean-up costs and compensation. US President Barack Obama called the spill \"the worst environmental disaster the nation has ever faced\". It took 85 days to permanently stop the release of crude oil. BBC

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp reaches 78n deal over deepwater horizon oil spill Arab Today, arab today bp reaches 78n deal over deepwater horizon oil spill

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday