The Deepwater Horizon explosion on April 20, 2010 triggered one of the largest manmade catastrophes we have ever known. Nearly two years later, environmental recovery is underway and, according to some sources, so too is a staggering settlement.
Neither BP nor the U.S. Department of Justice has commented about any alleged negotiations; however, a leading financial analyst at Morgan Stanley expects the parties to enter a settlement under which BP may agree to pay between $20 and $25 billion as early as February.
According to The Telegraph, the man behind the theory is Martijn Rats, head of European oil research at Morgan Stanley. In a research note published Jan. 19, Rats estimates a 70- to 80-percent chance the two sides would agree on a deal regarding the civil and criminal charges.
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