Mississippi's share of a settlement from a minority partner in BP's blown-out well in the Gulf of Mexico will go into the state's Pollution Emergency Fund.
The Mississippi Department of Environmental Quality supervises the fund.
Attorney General Jim Hood said in a news release Tuesday that MOEX Offshore will spend another $5 million in Mississippi on coastal protection projects.
The agreement, filed last week in federal court in New Orleans, calls for MOEX to pay $45 million in civil penalties to the federal government and $25 million to the Gulf states affected by the spill. The company also agreed to pay $20 million for coastal protection projects in those Gulf states.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for December 19th, 2014 | John Ransom
In Other News: New Captain America Will be Black; Racist Liberals Suddenly Become Fans | Michael Schaus