Restore Act Would Send More BP Dollars To Gulf States

Law360, New York (March 5, 2012, 12:00 AM EST) -- Following Friday's class action settlement in litigation over the Deepwater Horizon oil spill, environmental organizations and a bipartisan group of lawmakers will continue to push for legislation to ensure the Gulf Coast receives most of the proceeds from penalties BP PLC may end up paying to the U.S. government.

The measure — called the Resources and Ecosystems Sustainability, Tourist Opportunities and Revived Economies Act, or Restore Act — would send 80 percent of any penalties paid by BP and its drilling partners to restoration projects in...
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