By October 13, 2015 Read More →

BP to reimburse $58.2M to Louisiana AG office for Gulf oil spill

Money included in BP $20B settlement announced last week


The largest share of the $20 billion settlement for the 2010 BP Gulf oil spill will go to the state of Louisiana.  US Coast Guard photo.

BATON ROUGE, La. – Energy company BP will reimburse the Louisiana Attorney General’s Office $58.2 million for its expenses, fees and litigation costs tied to the 2010 oil spill disaster in the Gulf of Mexico.

The Advocate reports ( the money was included in BP’s record settlement of more than $20 billion finalized last week between the federal government and five Gulf Coast states involved in the sprawling litigation.

Louisiana is set to receive about $6.8 billion, the largest share of the settlement among the states. That includes $5 billion to be spent repairing the spill’s damage to natural resources, money largely intended for coastal restoration and repair of wetlands and damaged wildlife habitats. Another $1 billion is expected to be used to cover Louisiana’s economic losses from the spill.

The Canadian Press

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