Louisiana to gets lion’s share of $18.7B settlement with BP over oil spill

July 2, 2015

Eleven People Missing After Explosion At Offshore Drilling Rig — GULF OF MEXICO - APRIL 21: Fire boats battle a fire at the off shore oil rig Deepwater Horizon April 21, 2010 in the Gulf of Mexico off the coast of Louisiana. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizons 126 person crew after an explosion and fire caused the crew to evacuate. (Photo by U.S. Coast Guard via Getty Images)

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Louisiana took the brunt of the economic and environmental damage caused by the 2010 Gulf of Mexico oil spill, and officials announced this morning the state will now receive the largest share of a $18.7 billion settlement with BP among the five states that will benefit from it.

Louisiana is expected to get a $6.8 billion share of the settlement—about 36% of the total. Other states receiving a share of the settlement are Alabama, Mississippi, Florida and Texas.

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