Big Oil

BP Over the Gulf Oil Spill

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Oil giant BP and a committee representing plaintiffs suing the company over the 2010 Gulf of Mexico oil spill have reached an agreement. As a result of the agreement the trial that was scheduled to begin on Monday has been postponed for a second time. No new date was immediately set and there was no mention in his order of anything about the status of BP's talks and the federal government. Involved states or individual plaintiffs were and are not represented by the committee. The proposed settlement "represents significant progress towards resolving issues from the Deepwater Horizon accident and contributing further to economic and environmental restoration efforts along the Gulf Coast," Bob Dudley, BP's chief executive officer, said in a statement. Judge Barbier issued the order to adjourn the case indefinitely. 

Read it at Aljazeera


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