BP Racks Up $665M Bill For Gulf Oil Spill Restoration

Law360, New York (May 3, 2013, 6:29 PM EDT) -- BP PLC on Friday increased its current tab to $665 million for additional natural resource restoration in states along the Gulf of Mexico damaged by the Deepwater Horizon oil spill, including more than $90 million for restoration projects in Texas and Florida.

It's part of the $1 billion the oil giant will eventually pony up for natural resource restoration in Gulf Coast states affected by the 2010 disaster. BP and the Natural Resource Damage Trustee Council, a panel of federal and state agencies charged with determining...
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