BP will pay $360 million to build barrier islands
BP has paid $170 million to Louisiana,
Alabama, Mississippi and Florida for response costs and to promote
tourism. The company has paid about $42 million in compensation to
those affected by the spill, according to the release.
The cost
of the oil spill is nearing, and may surpass, $1 billion. BP reported
spending $960 million in the latest figures released earlier this week.
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