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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 US talks over Gulf of Mexico oil spill

Earlier, in a statement posted on its website, BP confirmed it is in advanced talks with the US Department of Justice and the Securities & Exchange Commission over the Deepwater disaster.

It said that "proposed resolutions" were "not expected to cover federal civil claims" and others including those under the Clean Water Act and state claims for economic losses

It added: "Until final agreements are reached, there can be no certainty any such resolutions will be entered into".

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