Unknowns loom as governments settle with BP

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(Photo: U.S. Coast Guard FILE) Several local governments approved large cash settlements with oil giant BP for economic development losses linked to the 2010 Deepwater Horizon oil spill.

But how much money many of them will get hasn’t been released — and BP could still back out.

The City of Tallahassee, Leon County and the Leon County School Board were among more than 400 entities offered a cash amount for their economic damages July 2 when BP announced it would settle with the local governments and the states most affected by the spill: Florida, Alabama, Louisiana, Mississippi and Texas.Included in the […]