News & AnalysisGulf Oil Spill

BP Criminal Case Generates Record Payout for Science and Restoration

Science  30 Nov 2012:
Vol. 338, Issue 6111, pp. 1137
DOI: 10.1126/science.338.6111.1137

You are currently viewing the summary.

View Full Text

Summary

On 15 November, petroleum giant BP announced that it had agreed to pay an unprecedented $4 billion to settle criminal charges related to the 2010 Deepwater Horizon oil spill. Some $2.5 billion is dedicated to jump-starting ecological restoration projects in the five U.S. states along the Gulf of Mexico. Another $350 million will go to the U.S. National Academy of Sciences to create an unusual regional research effort that will run for 3 decades. The settlement is the latest in a string of spill-related payouts that could ultimately pump more than $20 billion into gulf restoration and science.