BP and Louisiana Agree to $350 Million Deepwater Horizon Settlement
BP will make Louisiana an accelerated, lump-sum $350 million payment to resolve claims over the 2010 oil spill and settle coastal-damage litigation by local parishes.
BP said Friday it had reached an agreement to pay Louisiana an accelerated lump sum of $350 million, resolving the state's claims related to the 2010 Deepwater Horizon oil spill. The deal also ends long-running coastal damage litigation brought by local parishes. In 2015, BP agreed to pay up to $18.7 billion to th…