BP’s $7.8 Billion Settlement for the Deepwater Horizon Spill Is Only the Beginning

BP’s $7.8 Billion Settlement for the Deepwater Horizon Spill Is Only the Beginning

BP’s $7.8 Billion Settlement for the Deepwater Horizon Spill Is Only the Beginning

Who benefits from the multi-billion-dollar settlement between BP and victims of the 2010 Deepwater Horizon oil spill?

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

In a tentative deal announced Friday, BP estimated that it will pay $7.8 billion to victims of the Deepwater Horizon oil spill in the Gulf of Mexico. In this appearance on Democracy Now!, Antonia Juhasz argues that the settlement contains pieces critical to help protect those affected by the disaster, and she explains why and how. But the settlement has been highly controversial, and how it will ultimately affect plaintiffs remains to be seen.

—Elizabeth Whitman

Support The Nation’s June Fundraising Campaign

With the midterm elections now firmly upon us, the question is whether Democratic candidates will do more than merely occupy ballot lines as mild alternatives to the red-hot crisis that is Donald Trump.

As Trump spends over $1 billion a day on a globally destabilizing war on Iran and admits that he doesn’t “think about Americans’ financial situation,” millions across the country are struggling with the surging costs of essentials. Democrats must seize this moment and advance bold, small-“d” populist ideas—not settle for cynical caution that once again snatches defeat from the jaws of victory.

The Nation elevates progressive ideas, movements, and elected officials achieving real change across the country into the national conversation. At the same time, our journalists are exposing how crypto and AI-funded super PACs are spending hundreds of millions of dollars to knock out candidates they oppose, reporting on the devastating impact of the Supreme Court’s evisceration of the Voting Rights Act, and sounding the alarm on attempts by red states to quickly redraw electoral maps, disenfranchising Southern Black voters.

We can play this critical role because of support from readers like you. This June, we’re raising $20,000 to power The Nation’s independent journalism in the run-up to November’s immensely consequential elections.

It’s in our power to build a more just society, and your support at this critical moment brings us closer to that bold vision. I hope you’ll donate today.

Onward,

Katrina vanden Heuvel
Editor and Publisher, The Nation

Ad Policy
x