BP Gulf Spill $20 Billion Settlement Approved

BP Gulf Oil Spill

As reported by the Wall Street Journal, Vice News, Foxnews, and elsewhere across the media, U.S. District Judge Carl Barbier has granted final approval to a settlement estimated at $20 billion over the 2010 BP Gulf of Mexico oil spill. Many observers felt Judge Barbier had prefigured the settlement in an earlier case ruling where he noted that BP had been “grossly negligent” with respect to the rig explosion that killed 11 and spilled 134 million gallons of oil into the Gulf. [Read more…]