Ala. expects billions from BP
Alabama expects to receive billions of dollars in penalties from BP as a result of the Gulf oil spill, Gov. Bob Riley said yesterday.
BP and the White House will probably soon reach an agreement on how much money will be available to four Gulf states that have been affected by the spill, Riley said in a statement.
“While we don’t know the total or how it will be divided … we have every reason to believe Alabama will suddenly have significant resources at its disposal, likely in the billions of dollars,” the statement said.