Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


BP Tags $360MM for La. Construction

change text size

Deepwater Horizon Gulf of Mexico Oil Spill

BP has established a $360 million escrow account to fund immediately the construction of six sections of Louisiana barrier islands approved by the U.S. government. BP has been directed to pay for the construction by the federal government. Since the environmental implications of the projects are not fully understood, BP assumes no liability for unexpected or unintended consequences of these projects.

BP has already provided $170 million to Louisiana, Alabama, Mississippi and Florida to help with their response costs and help promote their tourism industries. The company has also paid approximately $43 million in compensation to people and companies affected by the spill.

More info on the Deepwater Horizon Gulf of Mexico Oil Spill

Related Companies

Deepwater Horizon Images
Diagram of Deepwater Horizon Resting Pla Macondo Oil Slick (May 4) BP CEO Tony Hayward with USCG Subsea Dispersan Injection System
Development Driller III - Drilling Relief Well Cutting Macondo Riser U.S. Air Force Tech. Sgt. Joe Torba U.S. Air Force Tech. Sgt. Jim Graves
71 more images view image library

From the Career Center
Jobs that may interest you
Lead Estimator
Expertise: Budget / Cost Control, Project Controls, Project Management
Location: Brisbane CBD
Head Of Sales (Landmark Software)
Expertise: Mechanic, Sales and Marketing
Location: Location Confidential
Expertise: Dispatcher, Heavy Machinery Operator
Location: Bakersfield, CA
search for more jobs