The bill keeps climbing for BP when it comes to costs incurred from the 2010 Deepwater Horizon disaster, with the latest estimate of settlements nearing $21 billion, according to Bloomberg.
On Monday the US Department of Justice released its estimate of the total costs laid on BP and that came to $20.8bn. That’s an increase of about 11% on the previous estimated total.
Back in early July it was reported that BP had agreed to pay $18.7bn in penalties to the federal government and five coastal states affected by the huge oil spill. But that figure had overlooked a few costs including some interest payments and other reimbursements.
On 20 April 2010 a huge explosion on the Deepwater Horizon drilling rig in the US Gulf of Mexico killed 11 men and led to an 87-day gush of crude from the resulting uncapped well. It was the worst offshore oil spill in US history, amounting to an estimated 3.19 million barrels of oil.