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Reuters: BP has accepted a $4 billion payment from partner Anadarko Petroleum toward the Gulf of Mexico oil spill clean-up, far less than it might have won in court, but a deal that could reduce the overall cost of the disaster for the British group.
While BP has given up around $5 billion in potentially recoverable costs, the deal also removes a vocal and potentially damaging opponent from the field, thereby potentially reduced the final bill for the United States' biggest every offshore oil spill by......
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BP and Anadarko agree $4 billion oil spill settlement
Posted by Washington Post: Juliet Eilperin on October 17th, 2011
Posted in Water Conservation