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BP To Pay $18M For Texas Gulf Restoration Work

Fri, 05/03/2013 - 2:16pm

HOUSTON (AP) -- BP PLC has agreed to finance five Gulf restoration projects in Texas expected to cost a total of $18 million.

In a statement issued Thursday, BP said the projects are part of its commitment to provide up to $1 billion in early restoration funding to repair the damage from the 2010 Deepwater Horizon oil spill. The money is going to Mississippi, Alabama, Florida, Louisiana, Texas and the federal government. Each state is to get at least $100 million.

The statement said the five projects include artificial reef projects off Freeport and Matagorda and the deep waters of the Gulf of Mexico, as well as improvements to Galveston Island State Park in Galveston and Sea Rim State Park near Sabine Pass.

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