Mobile Reaches $7.1M Settlement with BP

SANDY STIMPSON

SANDY STIMPSON The City of Mobile has reached a settlement with BP for the 2010 oil spill in the Gulf of Mexico.

Mayor Sandy Stimpson has announced a $7.1 million settlement that should be delivered to the city within 30 days.

After expenses and attorneys’ fees, the City will receive $4.7 million to recover lost tax revenue and other damages caused by the Deepwater Horizon disaster.More specific details on how the city plans to spend the money were not laid out in the press release.“The oil spill had a devastating effect on the entire Gulf Coast, and this settlement is an […]