BP to Fund Construction of 6 Sections of La. Barrier Islands

Deepwater Horizon Gulf of Mexico Oil Spill

BP announced that it supports the U.S. government's decision to proceed with the construction of six sections of the Louisiana barrier islands proposal. The company will fund the estimated $360 million it will cost to construct the six sections.

BP will not manage or contract directly for the construction of the island sections, nor will the company assume any liability for unintended consequences of the project. The company plans to make payments in stages based on the project's milestones.

"BP is committed to implementing the most effective measures to protect the coastline of Louisiana and reduce the impact of the oil and gas spill in the Gulf of Mexico. The federal government and the state of Louisiana have agreed that the barrier islands construction is an effective response to the spill, and we look forward to working with them on this project," said Tony Hayward, BP's chief executive officer.

BP already has provided $170 million to Louisiana, Alabama, Mississippi, and Florida to help with their response costs and help promote their tourism industries. The company also has paid approximately $42 million in compensation to people and companies affected by the spill.

More info on the Deepwater Horizon Gulf of Mexico Oil Spill


Our Privacy Pledge

Deepwater Horizon Images
Horizon Listing Heavily (Apr 22) Discoverer Enterprise U.S. Air Force: C-130s, spill response Macondo Subsea Oil Containment Diagram
Deepwater Horizon Sinking (Apr 22) Two fishing vessels drag an oil boom Macondo Oil Capture Coffer Dam Smoke Rising from Horizon (Apr 22)
71 more images view image library

From the Career Center
Jobs that may interest you
Safety and Environmental Management System Specialist (SEMS)
Expertise: Environmental, Safety & Training|Regulatory Compliance|Safety Engineering
Location: Houston, TX
Travel Wind O&M Tech
Expertise: Electrical Technician
Location: Illinois, IL
Protection and Control Specialist - Relays
Expertise: Electrical Technician|Electrician
Location: Cincinnati, OH
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours