Gallery: BP Settlement Provides $7.8 Billion in Compensation for Gulf C...


BP has agreed to pay an estimated $7.8 billion to settle lawsuits brought against the company by businesses and individuals in the wake of the 2010 Deepwater Horizon disaster. The disaster, which caused around 205 million gallons of oil to spew into the Gulf of Mexico, had widespread economic and health impacts on local communities. The estimated compensation, which is not capped, includes provisions for  $2.3 billion to bolster the region’s seafood industry and $105 million to improve available health care in the impacted communities. The Washington Post reports that under the agreement, BP also agrees to provide medical consultations for the next 21 years for those with spill-related health complaints.

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