MOEK settlement brings money to Mississippi

AP News
Posted: Feb 22, 2012 10:31 AM
MOEK settlement brings money to Mississippi

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.