MOEX settlement for oil spill to go into Pollution Emergency Fund
Published: February 22,2012
Tags: courts, disaster, energy, environment, explosion, gas, habitat, hospitality, lawsuit, natural gas, offshore drilling, Oil, oil rig, oil spill, petroleum, pollution, restaurants, seafood, settlement, state government, tourism, tourists, visitors, wildlife
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Board authorizes sale of company that owns Silver Slipper Casino
- MDOT cutting more than 40 jobs in Right-of-Way Division
- GreenTech holds grand opening of neighborhood electric vehicle plant