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Sen. Landrieu Statement on BP Settlement

Statement

Date: Nov. 15, 2012
Location: Washington, DC
Issues: Oil and Gas Environment

U.S. Senator Mary L. Landrieu, D-La., today released the following statement regarding the settlement in the BP Deepwater Horizon criminal case:

"This is the first of what I hope is a series of settlements that will help bring justice and resolution for a horrific incident that occurred off the coast of Louisiana two and a half years ago. When the Deepwater Horizon rig exploded, eleven men lost their lives, more than a dozen others were wounded, and thousands of businesses were harmed. This is a tough and robust penalty that is more than three times larger than any other past settlement, and is structured in a unique way to leverage private funds, maximizing the settlement dollars. I am encouraged that the Justice Department is respecting the spirit of the RESTORE Act by sending nearly $2.4 billion of the fine money to the Gulf Coast and $1.2 billion specifically to Louisiana. Three individuals will also stand trial for felony charges related to the accident."


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