BP is providing $25 million to Florida and $15 million each to Alabama, Mississippi and Louisiana.
"The Gulf Coast is our home too. We are doing everything we can to plug the leak, contain the spill offshore and protect the shoreline. With the deployment of the riser insertion tool yesterday, we made important progress in containing the spill, and that will further strengthen our ability to keep oil off the shore," said Tony Hayward, BP’s Group Chief Executive.
"We understand the Governors' concerns for the impact on the tourism industry, and are making funds available so that they can support the industry’s efforts to provide accurate information about the state of the beaches across the region."
These grants are in addition to the $25 million grants BP announced May 5 to help each of the four states accelerate the implementation of Area Contingency Plans. The grants announced today are for the Governors to distribute as they see fit to promote tourism.
The grants BP has made to the four states do not affect BP's response to the Deepwater Horizon incident or existing claims process, but are supplemental to them.
Related information
- BP Announces First Payment on Barrier Islands Project for State of Louisiana
- BP announced today a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico.
- Noble Energy Announces Double Mountain Exploration Results in the Deepwater Gulf of Mexico
- BP Announces Second Block Grant of $25 Million to the State of Mississippi
- BP Announces Second Block Grant of $25 Million to the State of Florida
- BP Announces Second Block Grant of $25 Million to the State of Alabama
This lowers their liabilities near to zero for future claims by these states!
I'll explain:
1. Tourisme halts
2. States and tourisme sector sues BP
3. BP says = we gave you grants to stimulate tourism! Tourism went down because you did a poor job promoting it!
They spend 100 million and save billions! Respect for BP's legal team! +1000