US judge approves BP settlement for 2010 oil spill

A U.S. judge gave final approval to BP’s civil settlement over the 2010 Gulf of Mexico oil spill.
 
The action comes roughly nine months after the company reached a deal to pay $18.7 billion in penalties to the U.S. government and five states, according to Fortune.
 
The agreement between BP, the U.S. Justice Department and five Gulf states stipulates the oil company will – over up to 18 years – pay a total of $12.7 billion in fines for violating the Clean Water Act and an additional $4.9 billion to Florida, Alabama, Mississippi, Louisiana and Texas.
 
The explosion on BP drilling rig Deepwater Horizon killed 11 workers and was the worst offshore oil disaster in U.S. history.
 
Read more from Fortune.