Page 6A East Oregonian NATION/WORLD Friday, July 3, 2015 $18.7B BP deal will close books on Gulf spill Days before referendum, Associated Press claims by the ¿ve Gulf states and the federal government Greek voters undecided NEW ORLEANS — were, by far, the largest ATHENS, Greece (AP) over the next three years put Trying to close the books on unresolved piece of BP’s — Costas Christoforidis even more pressure on the the worst offshore oil spill ¿nancial obligations for the hasn’t decided how to vote government. in U.S. history, BP agreed spill. in Sunday’s referendum on “Our efforts are focused Thursday to provide billions BP’s total spill-related a bailout deal for Greece’s on overcoming the crisis as of dollars in new money cost estimate also includes troubled economy. The fast as possible — with a to ¿ve Gulf Coast states roughly $29 billion on problem is, the 37-year-old solution that preserves the in a deal the company said response and cleanup farmer isn’t sure what he’s dignity and sovereignty of would bring its full obliga- expenses and compensation voting for. our people,” Prime Minister tions to an estimated $53.8 for Gulf Coast businesses “If it’s saying ‘No’ to Alexis Tsipras said. billion. and residents. austerity, then it’s a ‘No’ The popular 40-year-old Federal and state “It’s time for the from me too. But if we are prime minister is gambling government of¿cials touted company to move on,” said rejecting Europe, I disagree his government on a call the record-breaking $18.7 Brian Youngberg, an energy with that,” he said — a posi- to voters to reject austerity tion that many of Greece’s measures demanded by billion agreement as a AP Photo/Gerald Herbert, File analyst for Edward Jones. historic milestone in the In this 2010 file photo, a worker picks up blobs of oil “It’s de¿nitely a win for BP. perple[ed public ¿nd them- bailout lenders, despite Gulf Coast’s recovery. The with absorbent snare in Plaquemines Parish, La. No company can really do selves in ahead of one of the coming close to a deal last Deepwater Horizon disaster well when you have such a most important votes in their week. A strong “No” vote, he killed 11 rig workers and ¿nally providing share- could launch as many as 20 big litigation issue hanging country’s modern history. argued, would help Greece spewed millions of gallons holders with a clearer cost major new projects by 2020, over it.” As Greek banks and win a new deal with the euro- of crude that stained picture, the London-based depending on oil prices. In 2012, BP reached a markets remained closed zone’s rescue mechanism that beaches, coated wildlife and oil giant will be freer to The Justice Department similar settlement agree- Thursday for a fourth day, would include terms to make polluted marshes. embark on new ventures. said Thursday’s agreement ment with private attorneys rival campaigns scrambled the country’s 320 billion euro BP also gets a valu- “This allows us to would be the largest envi- for businesses and residents to roll out their messages. national debt sustainable. able return: Much of the manage BP as an oil ronmental settlement in who claim the spill cost And a prediction from the Opponents say he is payments, to be made over company,” BP CEO Bob U.S. history as well as the them money. That deal led International Monetary Fund risking the country’s future the next 18 years, could Dudley said during a largest-ever civil settlement to a protracted court battle that Greece will need piles of — asking voters to weigh in be tax-deductible. And by conference call. He said BP with a single entity. Civil over subsequent payouts. additional cash from euro- on a bailout offer that expired zone countries and others at midnight on Tuesday.

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