BP Settles with Five States, Federal Government

By ED STERLING

AUSTIN — BP, one of the world’s largest oil and gas companies, has settled with the federal government and the states of Texas, Louisiana, Alabama, Mississippi and Florida over claims related to the Deep Water Horizon oil spill in the Gulf of Mexico in 2010. The Texas Commission on Environmental Quality announced on Oct. 5 that Texas stands to receive $800 million of the $20.8 billion settlement “to restore Gulf resources with portions dedicated to the coastal economy as well as restoration projects to address damage to natural resources.”