Daily Journal masthead

Alabama share of BP oil spill settlement to support general fund, Gulf State Park


MONTGOMERY, Alabama — Alabama and other coastal states have finalized a settlement of damage claims arising from the 2010 Deepwater Horizon oil spill.

The agreement finalized Monday resolves all civil claims against BP over the spill that dumped 134 million gallons of oil into the Gulf of Mexico.

Under the $20 billion settlement, BP will pay nearly $5 billion directly to Alabama, Florida, Louisiana, Mississippi and Texas.

Most of Alabama's $1 billion will go the state general fund over the next 18 years. The settlement also includes $50 million for Alabama Gulf State Park.

BP will also have to pay $5.5 billion in Clean Water Act penalties and $8.1 billion for coastal restoration projects.

The spill followed the April 2010 explosion on an offshore rig that killed 11 workers.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.