April 17, 2024

Press Release

Gov. Scott: BP settlement will help Florida invest in key projects

Florida will receive at least $3.25 billion from BP as part of the 2010 Deepwater Horizon oil spill settlement.

| 7/2/2015

Governor Rick Scott released the below statement following the announcement from BP on settling with the United States and Gulf coast states impacted by the 2010 Deepwater Horizon oil spill.  As part of the agreement in principle, Florida will receive at least $3.25 billion.  This includes $2 billion for economic damages, $680 million for natural resource damages and $572 from the RESTORE ACT (subject to approval from the RESTORE Council).  In addition, it is estimated that the Florida entities designated in the RESTORE ACT will receive an additional $250 million.  Also, up to $1 billion will be available to resolve economic claims of the vast majority of local governmental entities located in Florida, Texas, Louisiana, Mississippi and Alabama.

Governor Rick Scott said, “This agreement will help Florida implement key projects and invest in environmental priorities to keep our state beautiful.  I want to thank Attorney General Pam Bondi, Florida Fish and Wildlife Conservation Commission Executive Director Nick Wiley and Department of Environmental Protection Secretary Jon Steverson for their hard work on this agreement with BP.”

Florida Business News

Florida News Releases

Florida Trend Video Pick

New art telling history of Bern’s Steakhouse
New art telling history of Bern’s Steakhouse

The second-generation owners of Tampa’s famous Bern’s Steakhouse reached out all the way to New Mexico for new artwork, reflecting the restaurant's story.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701

© Copyright 2024 Trend Magazines Inc. All rights reserved.