Treasurer Kennedy on the BP settlement

BATON ROUGE- Just a few weeks ago, state officials announced Louisiana would be getting $6.8 billion from the lawsuit with BP over the 2010 oil spill. This morning, Treasurer John Kennedy stopped by 2une In to break down what this money means for the state.

Five billion dollars of the settlement is for natural resource damage, $1 billion is for state economic damages and $787 million is for Clean Water Act penalties.

The money will be paid out over fifteen years, with the first check coming sometime in January.Kennedy says he’s happy the state settled, but there are a few things […]