Louisiana won’t get as much in Gulf oil spill fines as officials hoped – NOLA.com

A close reading of the conference committee report outlining the compromise Restore Act approved by Congress last week shows that Louisiana won’t get as many billions in Clean Water Act fines as state leaders had hoped. Compromise language awards other states larger shares than Louisiana officials believe they deserve.

The compromise, approved as part of a wide-ranging transportation and highways funding bill and signed into law by President Barack Obama on Friday, will deliver to Louisiana and other Gulf Coast states 80 percent of any Clean Water Act fines paid by BP and other parties responsible for the 2010 Deepwater Horizon oil spill…Read Entire Article Here

July 8, 2012

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