Palazzo Pleased with BP Agreement to Settle Regarding the 2010 Deepwater Horizon Oil Spill

Washington, DC – Congressman Steven Palazzo (MS-4) released the following statement today after the announcement was made that BP has agreed to a settlement of an additional $1.5 billion with the state of Mississippi regarding the 2010 Deepwater Horizon oil spill disaster:

“I’m pleased with today’s announcement that BP has reached an agreement to settle with the State of Mississippi, more than five years after the 2010 Deepwater Horizon oil spill. This was the single largest man-made disaster in our history, and it not only devastated businesses and communities in our state, but cost some their lives. The settlement reached today has been a long time coming and is another huge step towards ensuring the long-term environmental and economic recovery of the Gulf Coast.

“Nearly $600 million of the settlement will be federal RESTORE Act funds, something that would not have been possible without the tireless work in Congress by our coastal delegation to ensure fine monies are returned to the affected states. Restoring and replenishing the Gulf Coast is more than just a responsible decision; it is the right thing to do.”