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BP to pay £2.8bn to US govt

BP to pay £2.8bn to US govt
Petrol company BP has agreed to pay £2.8bn to the US government over claims relating to the Gulf of Mexico oil spill disaster.

The firm will pay the amount over six years to settle claims following a spill at the Deepwater Horizon rig in April 2010, killing eleven workers and causing extensive environmental damage.

In a statement released by the company, BP chief executive Bob Dudley said: "We apologise for our role in the accident, as today's resolution with the U.S. government further relfects, we have accepted responsibility for our actions."

The pay-out - which has yet to be approved by the US government - was intended to resolve all federal criminal charges against the company.

Green Box: BP to pay £2.8bn to US govtClick to open

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