FIRST AIRED: June 3, 2016

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00:00:00
people reaching a record deal thursday doling out eighteen point seven billion dollars to settle with the u. s. government and the gulf states for the two thousand and ten oil spill u. s. attorney general loretta lynch calling the agreement quote the largest settlement with a single entity in american history , the money be able over eighteen years covers the u. s. clean water act fines along with claims by alabama florida louisiana mississippi texas and four hundred local government entity , these monies will benefit , the areas of our state most devastated by an environmental threat they could not have foreseen , creating threatening damage from which they might not recover the exclusion of the fees deepwater horizon oil rig killed eleven workers , you'd millions of barrels of crude oil into the gulf of mexico triggering a barrage of lawsuits , writers editor jessica resnick alt has been following the story this is really good news for investors because it gives a set amount that b. p. will be paying each year going forward and there's no longer the same uncertainty risk that was looming over , so they're still a handful of lawsuits outstanding , but it does wrap up the most significant litigation , and give investors a chance to look forward and focus on the peace plans to spinoff its u. s. onshore assets just signs of the compensation was slightly more than expected counting today's settlement bibi has now spent over fifty three billion dollars to put the disaster behind it investors finally getting closure sending b. p. shares higher in thursday trading