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BP Said to Consider $14 Billion Oil Spill Settlement Deal [USA]

BP...and lawyers for businesses and individuals suing over the 2010 Gulf of Mexico oil spill are near a $14 billion accord to be funded with money set aside for out-of-court settlements, according to three people familiar with the talks. BP would close its $20 billion Gulf Coast Claims Facility and shift the remaining $14 billion to plaintiffs hurt by the disaster, the largest offshore spill in U.S. history, the people said. Such a deal wouldn’t include fines by the federal government that could reach $17.6 billion, lawsuits by state governments or claims between BP and partner companies involved in the disaster...The proposed settlement with the non-governmental plaintiffs would allow lawyers to use the claims fund to set up a system for compensating spill victims based on the type of harm they suffered, the people familiar with the talks said. [also refers to Transocean, Halliburton, Anadarko, Schlumberger]

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