BP Tags $360MM for La. Construction

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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

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Deepwater Horizon Images
Dark clouds of smoke & fire emerge Satellite view of Horizon Fire (Apr 21) Support Vessels Spray Horizon (Apr 21)
ROV Accessing Horizon BOP Panel Horizon's Sister, Nautilus, Transported via Heavy Lift Vessel Deepwater Horizon & Vessel (Apr 22) Distant View Deepwater Horizon (Apr 21)
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