Life and politics from the Sunshine State's best city

Tag archive

Gulf Coast Restoration Trust Fund

Kathy Castor: BP settlement ‘once-in-a-lifetime’ opportunity for economic recovery

in Statewide/Top Headlines by

Florida, the federal government and other Gulf Coast states announced an agreement on Thursday with oil producer BP to resolve years of legal claims over the 2010 Gulf of Mexico oil spill. The historic resolution, tentatively set at $18.7 billion, will be the largest environmental settlement ever. Payments, to be split among Louisiana, Mississippi, Alabama, Florida and Texas, is in addition to $28 billion BP already spent on clean-up response, remediation and compensation. Florida’s share of the deal could be over…

Keep Reading

Go to Top