First payment from 2010 BP Oil Spill settlement expected Friday

First payment from 2010 BP Oil Spill settlement expected Friday

BATON ROUGE, LA (WAFB) - Louisiana will get $200 million Friday as the first portion of the settlement with BP for economic damages stemming from the 2010 oil spill.

It's the first payment of up to a million dollars expected to be paid to Louisiana over the next 15 years.

This is money that is separate from the nearly $6 billion coming to the state in other civil penalties for environmental law violation.

That money is required to be set aside for coastal restoration projects.

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