BP Deep Water Horizon Settlement of 18.7B to states is tax deductible and spread over 18 years
WSJ blog: “BP PLC agreed Thursday to pay $18.7 billion to settle federal and state claims over the 2010 Deepwater Horizon oil spill. The penalty includes the biggest pollution fine in U.S. history. Here’s what you should know…” See also via New York Times – BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill …