ALABAMA TO RECEIVE SETTLEMENT FROM BP OIL SPILL

Robert Bentley

robert bentley

Governor Robert Bentley and Attorney General Luther Strange announced that BP has agreed to pay the state of Alabama 2.3 billion dollars in economic damages and natural resource damages.

The announcement, made this morning in Montgomery, stated the $1 billion in economic damages will be distributed to the general fund over the next 18 years. The allocation of payments to the general fund and the receipt of the $1 billion from the natural resource damages and federal penalties will be determined at a later date..

Categories: Alabama News, Archives, Local News