(Image credit: Oli Scarff/Getty Images)
BP has reached an agreement with Gulf Coast states and the federal government to pay a settlement of $18.7 billion in damages and outstanding liabilities for the 2010 Deepwater Horizon oil spill, which is considered to be the worst in U.S. history. The payments will be spaced out across a period of 18 years, and will be given to Louisiana, Mississippi, Alabama, Florida, and Texas.
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