$2.4 Billion in BP Money to be Split Between Gulf Coast States
Description: U.S. Attorney General Eric Holder said today the federal government will turn over $2.5 billion dollars in money recovered from BP to the Gulf Coast States. The money is result the BP oil spill settlement. The New Orleans Times Picayune is reporting that as much as $1.2 billion will end up in Louisiana.
The attorney general has specified that the money going to the states be used for environmental restoration, preservation, and conservation projects. Among the projects high on Louisiana's agenda are rebuilding barrier islands and coming up with river diversion projects that will help prevent coastal erosion. Various government agencies have acknowledged that the Mississippi River levees that were built to protect the states' largest cities are also contributing to coastal erosion. Engineers are now working on ways to divert water back over low lying areas to start replenishing land that has eroded.
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