News bites: $14B oil spill settlement in the works, report says

The trial over the 2010 Gulf of Mexico oil spill has been a delayed a week amid attempts to reach a settlement, Reuters reports.

Bloomberg reports that BP is considering a $14 billion settlement to compensate those affected by the spill.

The Wall Street Journal
previews a legal battle over the Environmental Protection Agency’s climate rules.

The world’s biggest economies discussed the risks of high oil prices at a summit in Mexico this past weekend, Reuters reports.