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Home > "Gulf Coast States Prepare To Spend Billions in Fine Money"

"Gulf Coast States Prepare To Spend Billions in Fine Money" [1]

"It took Gulf Coast lawmakers more than two years of prodding and negotiating to persuade a divided Congress their communities deserve most of the billions of dollars BP will pay in fines for its role in the 2010 oil spill. Now comes another challenge: figuring out how to spend that money."



"Officials in the five states affected — Alabama, Florida, Louisiana, Mississippi and Texas — have some time to weigh which projects and programs will best help the Gulf Coast recover from the nation's worst environmental disaster.

The first payments of the estimated $5 billion to $20 billion in fines imposed by the federal government aren't expected until early next year, after a scheduled civil trial. If a settlement is reached before that, the money could arrive sooner."

Ledyard King and Deborah Barfield Berry report for the Gannett Washington Bureau July 5, 2012. [2]

Disasters [3]
Environmental Politics [4]
National (U.S.) [5]
Public [6]
Source: Gannett [2], 07/06/2012
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Source URL:https://www.sej.org/headlines/gulf-coast-states-prepare-spend-billions-fine-money

Links
[1] https://www.sej.org/headlines/gulf-coast-states-prepare-spend-billions-fine-money [2] http://www.usatoday.com/news/nation/story/2012-07-05/restore-act-gulf-coast/56043544/1 [3] https://www.sej.org/category/topics-beat/disaster [4] https://www.sej.org/category/topics-beat/environmental-politics [5] https://www.sej.org/category/region/national [6] https://www.sej.org/taxonomy/term/81