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It is the largest environmental settlement in American history.
The total cost includes a $4bn settlement of criminal charges, an estimated $12.9bn for businesses and individuals who claim the spill cost them money and an $18.7bn environmental settlement with the US government and five states.
But, while we look forward to additional details, today's agreement, the largest environmental settlement in American history, represents a significant step toward justice for the Gulf Coast ecosystems, economies and communities that were damaged by the disaster," Fred Krupp, president of the Environmental Defense Fund, said in a statement.
So there's some truth in the claim made at the front of the manifesto launched this morning: "Only the Green party understands the need for a new economic and environmental settlement, in which our economy and our environment work with rather than against each other".
While this is a great victory -- perhaps the most important environmental settlement in the Hudson Valley over the last decade -- it doesn't mean our work is finished.
In April 2011, a settlement was reached, which, to the best of anyone's knowledge, was the largest Spokane-River-related environmental settlement in the region's history.
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Officials said the payment on behalf of the company, the American Smelting and Refining Company, or Asarco, was the nation's largest environmental bankruptcy settlement.
This period seems to have been one of environmental, landscape, settlement and economic change.
In one of the most creative and ambitious environmental enforcement settlements in U.S. history, we are addressing the immediate pollution issue VW caused and, at the same time, setting a new precedent for long term benefits that can be achieved under the Clean Air Act.
Environmental groups called the settlement a sweetheart deal between developers and the service.
The environmental impact of European settlement on New South Wales has been enormous, and it is only now being recognized and to some extent remedied.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com