S&P 500
1651.81
+12.77 +0.77%
Dow Indu
15318.23
+138.38 +0.90%
Nasdaq
3481.26
+29.13 +0.84%
Crude Oil
98.78
+0.11 +0.11%
Gold
1366.50
+0.17 +0.01%
Euro
1.33910
0.00000 0.00%
US Dollar
80.681
-0.006 -0.01%
Strong

Market Commentary and Intraday News

Miss. gov sets group for oil spill money plan

300 days ago

By JEFF AMY
Associated Press

(AP:JACKSON, Miss.) Gov. Phil Bryant has appointed more than 100 people from Mississippi's coastal counties to draft a plan on how to spend damage money the state will get from the BP oil spill.

The five states bordering the Gulf of Mexico will get 80 percent of Clean Water Act fines from the 2010 BP spill, although the money won't be split evenly among them. The total haul is estimated at anywhere from $5 billion to $21 billion, depending on what parties settle to or a federal judge determines.

The group, called Go Coast 2020, is divided into eight focus areas. Its website says the group supposed to submit a report to Bryant by January.

Bryant, in a Biloxi news conference Wednesday, says he wants coastal leaders to set spending priorities.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.