- Associated Press - Monday, August 1, 2016

NEW ORLEANS (AP) - The office that processes claims for businesses and people who suffered economic losses from the 2010 Gulf of Mexico oil spill says it has approved payments totaling $8.5 billion as of June 30.

Of that, $7.9 billion in claims has been paid.

The figures are in the latest federal court filing from Michael Juneau, the administrator of claims paid under a 2012 settlement BP reached with businesses and individuals affected by the spill after the Deepwater Horizon rig explosion. More recently, BP reached a $20 billion settlement with state and federal governments.

Last month, BP announced it expects costs arising from the spill to total $61.6 billion - or about $44 billion after tax deductions. That includes response, cleanup, and various settlements and criminal and civil penalties.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide