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BP reaches $4.5 billion settlement over Gulf oil spill
Thursday, November 15, 2012    
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The cost of BP's spill far surpassed the Exxon Valdez spill off Alaska in 1989

British oil giant BP has agreed to pay the U.S. government $4.5 billion in installments over a period of five years for the 2010 oil spill in the Gulf of Mexico, the oil giant announced in a press release.

The cost of BP's spill far surpassed the Exxon Valdez spill off Alaska in 1989. Exxon ultimately settled with the U.S. government for $1 billion, which would be about $1.8 billion today.

Read more: Fox News
 
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