Federal judge approves $20 billion BP oil spill settlement
A federal judge approved BP owing a roughly $20 billion settlement over the 2010 oil spill, The Associated Press reports. The Justice Department arrived at the amount in October. It'll be paid out over 16 years to cover Clean Water Act penalties and claims of environmental damage by Gulf states and local governments.
Over the course of three months, BP leaked 3 million barrels of oil into the Gulf of Mexico after a drilling rig blew out.
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