BP Oil Spill Settlement: How Much Does Sarasota County Get?
Sarasota County government is due to get a piece of the $4.5 billion payment from BP in the 2010 Deepwater Horizon oil disaster.
Now that BP agreed to pay $4.5 billion to the U.S. government for the 2010 Deepwater Horizon, how much will Sarasota County get of that pie? In August, Sarasota County Commissioners approved staff to develop a strategy to capture as much money as possible through the RESTORE Act, that outlines who gets what money from Cleanwater Act penalities. According to that formula, Sarasota County would get $1 million for each billion in penalities BP would pay, meaning that Sarasota County could see $5.25 million. The commission was prepared for BP to see anywhere from $5 million to $20 million, anticipating that BP could pay a $20 billion fine. Sarasota County has to prove using the federal forumla its projects that it could file claims on, and if …
Hawkeye
7:20 pm on Thursday, November 15, 2012
How can you truly place an amount on what was the worst environmental disaster in the history of the US... there's two feet of sludge within a 100 mile radius of the disaster which will have an impact on the environment for centuries. Sorry, I would make BP clean up every single drop of oil - 'on the gulf floor', then accept the money. But not before. more ›