Judge: BP payouts to local entities to start soon

Nearly 8 Months After BP Oil Spill, U.S. Gulf Coast Still Affected

(Photo: Getty Images) NEW ORLEANS – A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company’s 2010 oil spill.

An order issued Monday by U.S. District Judge Carl Barbier said all of the payments to local governments must be made within 30 days.

BP’s Macondo well blew out on April 20, 2010, leading to deadly explosions aboard the Deepwater Horizon drilling rig and the nation’s largest offshore oil spill. The federal government used a team of […]