British Petroleum

British Petroleum and a small army of plaintiffs’ attorneys have presented a New Orleans federal judge with the formal terms of a proposed class-action settlement designed to resolve billions of dollars in economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.

Two Texas groups are among the first to get grants from British Petroleum's Gulf of Mexico Research Initiative to study how last year’s massive oil spill affected the Gulf of Mexico environment, and develop better methods of responding to future spills.