how much did the deepwater horizon oil spill cost bp
$37.2 billion
title: Deepwater Horizon oil spill text: another $18 billion in damages, four times the Clean Water Act maximum penalties and many times more than the $3.5 billion BP had already allotted. BP strongly disagreed with the ruling and filed an immediate appeal. The size of the ruling "casts a cloud over BP’s future," "The New York Times" reported. On 2 July 2015, BP, the U.S. Justice Department and five gulf states announced that the company agreed to pay a record settlement of $18.7 billion. To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54 billion. In addition to the private title: Deepwater Horizon oil spill text: Deepwater Horizon oil spill The "Deepwater Horizon" oil spill (also referred to as the BP oil spill/leak, the BP oil disaster, the Gulf of Mexico oil spill, and the Macondo blowout) is an industrial disaster that began on 20 April 2010, in the Gulf of Mexico on the BP-operated Macondo Prospect, considered to be the largest marine oil spill in the history of the petroleum industry and estimated to be 8% to 31% larger in volume than the previous largest, the Ixtoc I oil spill. The U.S. government estimated the total discharge at . After several failed efforts to contain title: Deepwater Horizon oil spill text: impact of lost or degraded commercial, recreational, and mariculture fisheries in the Gulf could be $8.7 billion by 2020, with a potential loss of 22,000 jobs over the same time frame. BP's expenditures on the spill included the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs, including fines and penalties. , BP estimated the company's total spill-related expenses do not exceed $37.2 billion. However, by some estimations penalties that BP may be required to pay have reached as high as $90 billion. In addition, in November 2012 the EPA title: BP text: state. The "Deepwater Horizon" oil spill was a major industrial accident on the Gulf of Mexico, which killed 11 people and injured 16 others, leaked about of oil with plus or minus 10% uncertainty, which makes it the largest accidental marine oil spill in the history of the petroleum industry, and cost to the company more than $65 billion of cleanup costs, charges and penalties. On 20 April 2010, the semi-submersible exploratory offshore drilling rig "Deepwater Horizon" located in the Macondo Prospect in the Gulf of Mexico exploded after a blowout. After burning for two days, the rig sank. The title: Deepwater Horizon oil spill text: and payments to a trust fund had cost the company $42.2 billion. In September 2014, a U.S. District Court judge ruled that BP was primarily responsible for the oil spill because of its gross negligence and reckless conduct. In July 2015, BP agreed to pay $18.7 billion in fines, the largest corporate settlement in U.S. history. How the misuse of categorical exclusion for National Environmental Policy Act (NEPA) compliance relates to this spill is described in Regulatory Capture. The "Deepwater Horizon" was a 10-year-old semi-submersible, mobile, floating, dynamically positioned drilling rig that could operate in waters up to deep. Built