BP Responds to Court Approval of PSC Economic Loss and Property Damage Settlement
BP is pleased that the Court has granted approval to the PSC settlement resolving the substantial majority of legitimate economic loss and property damage claims stemming from the Deepwater Horizon accident. We believe the settlement, which avoids years of lengthy litigation, is good for the people, businesses and communities of the Gulf and is in the best interests of BP’s stakeholders.
Today’s decision by the Court is another important step forward for BP in meeting its commitment to economic and environmental restoration efforts in the Gulf and in eliminating legal risk facing the company.
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