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BP to Pay Nearly $19B in US Oil Spill Damages

British oil giant BP agreed Thursday to pay $18.7 billion to settle the damage claims from the worst oil spill ever in the United States, BP's massive 2010 oil drilling blowout in the Gulf of Mexico. In an agreement reached with the U.S. Justice Department and five Gulf coast states along the country's southern shores, BP said it would pay about $1 billion a year over the next 18 years. The blowout 1.6 kilometers below the surface set off an explosion aboard the Deepwater...

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