BP to reimburse Louisiana for legal fees, litigation cost
BATON ROUGE- BP will reimburse $58.25 million to the Louisiana Attorney General's Office for its expenses, fees and litigation costs tied to the 2010 Deepwater Horizon disaster in the Gulf of Mexico.
The money was included in BP's record settlement of more than $20 billion that was formalized last week between the federal government and five Gulf Coast states involved in the sprawling litigation.
Louisiana is set to receive about $6.8 billion, the largest piece among the states. That includes $5 billion to be spent repairing the spill's damage to natural resources, money that will largely go to coastal restoration and repairing wetlands and damaged wildlife habitats.
Another $1 billion will be used to cover the state's economic losses from the spill.