New report calculates value of damage caused by Deepwater Horizon oil spill

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The damage caused by the 2010 Deepwater Horizon oil spill in the Gulf of Mexico is valued at $17.2 billion, scientists at Virginia Tech concluded after a six-year study. The 134 million-gallon spill lasted 152 days and became the largest ever in U.S. waters. The previous infamous record-holding oil spill was the 1989 Exxon Valdez in Prince William Sound, Alaska, which leaked 10.8 million gallons of crude oil and cost an estimated $7 billion, according to International Tanker Owners Pollution Federation…


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