Thursday, July 02, 2015

Wow That's A Big Number

NEW ORLEANS — The federal government and the Gulf Coast states have reached a tentative deal with the British oil company BP for it to pay about $18.7 billion, the largest environmental settlement in American history, to compensate for damages from the 2010 Deepwater Horizon oil spill, federal, state and company officials said Thursday.

Ok maybe the NPV isn't quite as big and who can say whether anyone will remember a few years from now.
The largest sums of the settlement would be paid out over 15 to 18 years, beginning a year after the settlement is finalized in federal court.