MOEX settlement for oil spill to go into Pollution Emergency Fund

MISSISSIPPI GULF COAST — Mississippi’s share of a settlement from a minority partner in BP’s blown-out well in the Gulf of Mexico will go into the state’s Pollution Emergency Fund.

The Mississippi Department of Environmental Quality supervises the fund.

Attorney General Jim Hood said in a news release yesterday that MOEX Offshore will spend another $5 million in Mississippi on coastal protection projects.

The agreement, filed last week in federal court in New Orleans, calls for MOEX to pay $45 million in civil penalties to the federal government and $25 million to the Gulf states affected by the spill. The company also agreed to pay $20 million for coastal protection projects in those Gulf states.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: