US, states announce settlement with BP over gulf oil spill

AZ Central: WASHINGTON (AP) -- The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

The deal, once approved by a judge, would resolve all civil claims against BP and end five years of legal fighting over a 134-million gallon spill that affected 1,300 miles of shoreline. It also would bind the company to a massive cleanup project in the Gulf Coast area aimed at restoring wildlife, habitat and water quality.

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