City of Mobile announces settlement of BP claim

Jul 27th, 2015

MOBILE, Ala. - Mayor Sandy Stimpson today announced a $7.1 million settlement of the City of Mobile's claims against BP related to the 2010 oil spill. After expenses and attorneys' fees, the City will receive $4.7 million to recover lost tax revenue and other damages caused by the Deepwater Horizon disaster.

"The oil spill had a devastating effect on the entire Gulf Coast, and this settlement is an important step in the ongoing recovery process for our citizens," Stimpson said. "We believe this agreement is a fair deal for our community and allows us to avoid additional litigation."

The funds are expected to be delivered to the City within 30 days, under terms of the agreement.