$10M in BP spill money coming

Mississippi will receive $10 million from a Japanese business partner of BP, the state’s share of a $90 million settlement for penalties related to the 2010 Gulf oil spill.

In one of what Attorney General Jim Hood said will be a string of a settlements, MOEX Offshore, a component of Japanese oil subsidiary Mutsui and Co., agreed to pay $45 million to the federal government and $45 million to the coastal states affected by the spill for violations of the Clean Water Act.

“This settlement is only for civil penalties, not damages, from just one minor violator,” Hood said in a news release. “We are continuing to pursue recovery for civil penalties and economic and environmental damages from all other parties responsible for the largest oil spill in U.S. history.”

Clarion Ledger
2/21/12