Now BP pays Louisiana $218 m towards fishing recovery – Fishupdate.com

Now BP pays Louisiana $218 m towards fishing recovery Published:  03 November, 2010

BP is to pay the state of Louisiana $218 million towards the cost of restoring its seafood industry and marine coastal infrastructure following the disastrous oil spill last April.

This follows the $20 million paid by the oil giant to the state of Florida last week to help towards the cost of seafood testing.

The Louisiana announcement was made by Congressman Anh “Joseph” Cao who said the money – one of the largest BP payouts yet would –  be used for  coastal restoration, seafood testing, and tourism marketing programmes.

Senator Cao said: “Having pushed BP for months to expedite recovery of the oil spill, I am delighted that BP will help with rebuilding efforts here at home, especially in regards to travel and tourism in Louisiana.”

While the Louisiana Department of Culture, Recreation, and Tourism will receive $30 million, and Louisiana seafood safety and promotion programs will receive $48 million. Another $140 million will be allotted for barrier islands and other coastal restoration efforts.

Senator Cao said: “It is our obligation to continue looking for long- and short-term solutions in bettering our state’s economy, our coastline and the lives of those affected by the spill. BP’s allocation of funds is a step in the right direction. I look forward to working with my colleagues in Congress, state officials, and federal leaders to keep holding BP accountable for damages from the Deepwater Horizon oil spill.”

The announcement of the $218 million dollars was made the aptly named and historic Acme Oyster House in New Orleans with many senior state officials present.

Several private fishing companies and seafood firms have lodged their own separate and  private  compensation claims against BP.