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Atty. Gen. Lynch: Deepwater settlement historic

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WASHINGTON, D.C. – The justice department says a settlement to resolve claims against BP for the 2010 Gulf of Mexico deepwater horizon oil spill is ‘historic’.

The agreement with the five Gulf States affected is worth billions in civil claims.

U.S. Attorney General Loretta Lynch made the announcement at the department of justice Monday:

(Loretta Lynch) “Today, I am pleased to announce, that we have secured an historic resolution of our pending claims against BP totaling more than 20-billion dollars, making it the largest settlement with a single entity in American history. The resolution includes civil claims under the Clean Water Act, for which BP has agreed to pay a 5.5 billion dollar penalty, the largest civil penalty in the history of environmental law. It includes natural resources damages claims under the Oil Pollution Act, for which BP has agreed to pay 7.1 billion dollars, on top of the one-billion it had previously committed to pay for early restoration work. And it includes economic damages claims for which BP has agreed to pay 4.9-billion dollars to the five Gulf states and up to one billion to local governments.”

The settlement ends five years of legal wrangling over the spill that dumped more than 130-million gallons of oil into the Gulf of Mexico.

What’s called the worst environmental disaster in American history killed 11-rig workers on April 20, 2010.