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July 2, 2015

With government entity deal offers, is BP finally changing its tune?

by: Joseph F. Rice

Today, BP disclosed to its investors that it recommends a $18.7 billion settlement to resolve the claims by the United States, the five Gulf Coast states, and local governments that filed suits against the oil company as a result of the 2010 Deepwater Horizon tragedy. Could BP finally be realizing that 2015 may be the year in which it must accept the responsibility for the damages it owes the Gulf Coast area due to the 2010 oil spill and its aftermath?

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