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Lauren McCauley – Will BP’s Record Gulf Spill Settlement Amount to a Record Tax Break?

As the U.S. Department of JusticeĀ announcedĀ on Monday a final settlement with BP over the devastating 2010 Deepwater Horizon oil spill, groups are warning that the oil giant may still nab a substantial tax break under the deal. Attorney General Loretta Lynch said the $20.8 billion settlement agreement marks the “the largest settlement with a single entity in American history.” The …