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BP To Pay Gulf Coast States, Feds $18.7 Billion03:44
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In this April 21, 2010 image provided by the U.S. Coast Guard, fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon.  (US Coast Guard/AP)
In this April 21, 2010 image provided by the U.S. Coast Guard, fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon. (US Coast Guard/AP)
This article is more than 5 years old.

Alabama, Mississippi, Texas, Florida and Louisiana - along with the federal government - have announced a massive settlement with the oil and gas giant BP to resolve the massive legal claims resulting from the 2010 Deepwater Horizon oil spill.

The British oil company will pay $18.7 billion over an 18-year period to compensate for damages, both environmental and economic. NPR's Debbie Elliott joins Here & Now's Jeremy Hobson with details on the deal.

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This segment aired on July 2, 2015.

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