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BP to pay £2.8bn over oil spill

BP is to pay £2.8bn to US authorities to settle claims relating to the Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 - the largest fine in US history. Two supervisors will face manslaughter charges over the deaths of 11 people.

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BP statement on deal to pay £2.8bn fine to US

BP has issued a statement after it reached an agreement with US authorities over claims relating to the 2010 Deepwater Horizon disaster and agreed to pay a $4.5bn (£2.8 billion) fine.

It includes a record $1.26bn criminal fine.

All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region.

From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf.

We apologise for our role in the accident, and as today's resolution with the US government further reflects, we have accepted responsibility for our actions.

– Bob Dudley, BP’s Group Chief Executive

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