Texas To Get Nearly $790M In BP Oil Spill Settlement

Thursday’s settlement announcement comes as a federal judge was preparing to rule on how much BP owed in federal Clean Water Act penalties after well over 125 million gallons of oil spewed into the Gulf.

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2010. Photo credit: U.S. Coast Guard

Texas is receiving nearly $790 million as part of a settlement with oil giant BP that resolves years of litigation over the 2010 Deepwater Horizon Oil Spill.

Texas is one of five Gulf Coast states receiving money under a nearly $19 billion settlement announced Thursday.

Gov. Greg Abbott says the settlement will allow Texas and the rest of the Gulf Coast to “reinvigorate the economic and environmental health of the region.”

The blowout of BP’s Macondo well triggered an explosion that killed 11 workers and spilled millions of gallons of oil into the Gulf of Mexico.

In its lawsuit, Texas claimed the spill cost the state tax revenue, reduced revenues at state parks and injured, destroyed or contaminated coastal habitats and a variety of wildlife.

Related stories: 

Millions Of BP Spill Money Going To Galveston Birds And Turtles

Scientists Say BP Spill Killed Dolphins, BP Says No It Didn’t

How BP Gulf Disaster Is Potential Windfall For Habitat Restoration

What Could Reduce The Risk Of Another Catastrophic Oil Well Blowout

Remembering The Deepwater Horizon Oil Spill

Demonstrators Take To BP Headquarters On Anniversary Of Oil Spill

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