BP settlement

The BP settlement refers to an agreement where BP, the oil company, agrees to pay money to resolve legal claims related to the 2010 Deepwater Horizon oil spill. This settlement sets terms for compensating individuals, businesses, and governments affected by the spill, aiming to provide financial relief and ensure accountability. It involves both criminal and civil components, with BP agreeing to pay fines and fund environmental restoration efforts. The goal is to address environmental damage, economic losses, and improve safety standards for future operations.