Anadarko payment will cover environmental costs: U.S. official

Anadarko Petroleum Corp's $5.15 billion settlement with the U.S. government will more than cover the past environmental damage caused by its Kerr-McGee unit, U.S. Deputy Attorney General James Cole said on Thursday.

At a news conference, Cole, the No. 2 Justice Department official, said that the amount of the settlement was in line with a bankruptcy court ruling about liability.

"It provides us with recovery now, as opposed to years and years down the road," Cole said.

(Reporting by David Ingram)