oakley sale 5 million to cover future loss

5 million to cover future losses

The city of Gulf Shores announced on Monday, March 12, 2012, that it has agreed to a $6.5 million settlement with BP to cover any future losses by the city. It does not include beach cleanup costs, which BP continues to spearhead.

GULF SHORES, Alabama Gulf Shores has settled with BP to the tune of $6.5 million to cover any future financial losses to the city due to the 2010 Deepwater Horizon oil spill, according to a news release.

Beach cleanup is not part of the agreement and will continue to be handled by BP. The settlement also does not cover business claims within the city, the release states.

“The settlement of 6.5 million dollars only covers future lo oakley sale sses the city might have resulting from the 2010 spill oakley sale ong> oakley sale “, Mayor Robert Craft said in the release. “Any new spill is a new event, which the settlement does not cover.

“All indications are that we are looking forward to a great follow up year to our 2011 rec oakley sale ord tourism year on the Alabama Gulf Coast. We have released BP only for future tax and revenue losses to the city government which are a direct result of the BP spill.”

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