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$18.7B deal clears path for BP to close books on Gulf spill

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Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion. Federal and state government officials touted the record-breaking $18.7 billion agreement as a historic milestone in the Gulf Coast’s recovery. The Deepwater Horizon disaster killed 11 rig workers and spewed millions of gallons of…

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