Texas to Get More Than $750 Million in BP Oil Spill Settlement - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Texas to Get More Than $750 Million in BP Oil Spill Settlement

Staff Report
Associated Press

HOUSTON (AP) - Texas is receiving more than $750 million as part of a settlement with oil giant BP that resolves years of litigation over the 2010 Deepwater Horizon Oil Spill.
    
Texas is one of five Gulf Coast states receiving money under a nearly $19 billion settlement announced Thursday.
    
Gov. Greg Abbott says a settlement will allow Texas and the rest of the Gulf Coast to "reinvigorate the economic and environmental health of the region."
    
The blowout of BP's Macondo well triggered an explosion that killed 11 workers and spilled millions of gallons of oil into the Gulf of Mexico.
    
In its lawsuit, Texas claimed the spill cost the state tax revenue, reduced revenues at state parks and injured, destroyed or contaminated coastal habitats and a variety of wildlife.

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