The court approved the settlement between the government and BP for the Deepwater Horizon NRDA:
Today—nearly six years after the Deepwater Horizon oil spill began—the court approved a settlement with BP for natural resource injuries stemming from the spill. This settlement concludes the largest natural resource damage assessment ever undertaken. We will now begin implementing restoration as laid out in the Trustees’ comprehensive restoration plan.
Under this settlement, BP will pay the Trustees up to $8.8 billion for restoration to address natural resource injuries. The settlement—the largest recovery of damages ever for injuries to natural resources—includes:
- $1 billion already committed during early restoration
- $7.1 billion for restoration over 15-plus years, beginning in April 2017
- Up to an additional $700 million to respond to natural resource damages unknown at the time of the agreement and/or to provide for adaptive management.
This work is not a product of the United States Government or the United States Environmental Protection Agency, and the author is not doing this work in any governmental capacity. The views expressed are those of the author only and do not necessarily represent those of the United States or the US EPA.