Gulf States Reach $18.7 Billion Settlement With BP Over Oil Spill

The record settlement comes after 134 million gallons of oil were spilled into the Gulf following the Deepwater Horizon oil rig explosion in 2010.
0:25 | 07/02/15

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Transcript for Gulf States Reach $18.7 Billion Settlement With BP Over Oil Spill
BP has reached an eighteen point seven billion dollar settlement with the federal government and five states over that huge oil spill and 2010. The Justice Department says the money will help repair damages to the economy and environment of Florida Alabama Mississippi and Louisiana. And Texas the settlement comes just as federal judge was about to rule on how much the British oil giant owed in Clean Water Act penalties.

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