BP oil spill fine plan is complex

July 8, 2012 at 2:50 PM

NEW ORLEANS, July 8 (UPI) -- A distribution formula that takes coastal populations into account could put a damper on the gulf oil-spill compensation Louisiana receives, documents indicate.

The (New Orleans) Times-Picayune reported Sunday that while Louisiana will still receive the largest cut of the fines levied in the 2010 Deepwater Horizon disaster in the Gulf of Mexico, Florida could siphon off some of the total because it has more people living along the Gulf Coast.

The newspaper said the complex distribution formula is contained in the compromise Restore Act passed by Congress last week. The bill, which was signed by President Obama, directs that Louisiana, Florida and three other gulf states received 80 percent of an estimated $5 billion-$21 billion in fines levied on the British oil producer BP for Clean Water Act violations.

The money will be used for state projects such as tourism promotion, parks improvements, flood control and wildlife habitat.

Related UPI Stories
Topics: Barack Obama
Latest Headlines
Trending Stories
One arrested after Philadelphia college lockdown
Boehner delays House vote for new speaker
NASA releases thousands of Apollo mission photos on Flickr
Snowden: U.S. won't respond to offers to serve prison time
FDA approves new treatment for advanced lung cancer