BP displayed a lack of caution in agreeing to a rather lax set of standards regarding payment for Macondo oil spill claims. “The level of compensation was never capped and the settlement didn’t require proof that losses were caused by the spill.” [Bloomberg]

Walgreens is building its first “net-zero energy” store in Illinois. Adding generation capacity – solar, wind and geothermal – to the building may allow it to produce more energy than it consumes, but it will double up-front construction costs. [New York Times]

Reuters has a source who says the Noble Energy-operated Leviathan gas field offshore Israel will cost at least $4.5 billion excluding export infrastructure, which will likely tack on a few more $bln. [Reuters]

The Environmental Protection Agency says that the US needs $384 billion in drinking water infrastructure investments by 2030. [EPA]