Attorney General Jim Hood Comments on BP Settlement

As the five Gulf States prepare to officially sign off on the BP oil spill settlement, one local government in Louisiana is refusing to sign off.
Leaders in Plaquemines Parish in Louisiana said they couldn’t sign off on the current settlement.
Mississippi is receiving 2.2 billion dollars in total, less than all of the other states except for Texas, which is receiving $788 million. Still, State Attorney General Jim Hood said in yesterday’s press conference that he believes the state negotiated the best deal possible for Mississippi. “But overall, we were very much pleased. As I said, we started out less than $100 million and we ended up with $750 million in economic damages and that’s because a lot of our agencies actually got information together and a lot of our cities and counties worked hard to put together our economic damage model,” Hood said.
Of the five Gulf States, Louisiana landed the largest settlement at $6.8 billion.

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