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US hails 'record' settlement with BP over Gulf spill

Activists protest in front of the Hale Boggs Federal Building on the first day of the trial over the Deepwater Horizon oil rig spill on February 25, 2013 in New Orleans, LouisianaUS Attorney General Loretta Lynch, the nation’s top law enforcement official, on Thursday hailed the record $18.7 billion settlement with BP on federal and state civil claims over its 2010 Gulf of Mexico oil spill. “If approved by the court, this settlement would be the largest settlement with a single entity in American history,” Lynch said in a statement. BP’s Deepwater Horizon oil spill in the Gulf of Mexico in April 2010 was the largest environmental disaster in US history.

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