BP Penalty Money Going to Gulf Region

[pennypinch]

I am sure glad to hear this. I guess most of the penalty money that BP has to pay because of the oil spill will be going to the Gulf region because it has been the most effected.

And apparently Obama has agreed.

Under current law, any penalties paid by the oil company would go to the general treasury, Browner said on NBC’s “Meet the Press.” Some Gulf-area politicians have suggested that 80 percent of the money be returned to the states affected by the worst oil spill in U.S. history.

“There will be a large financial penalty,” Browner said. Returning that money to the states “makes a lot of sense.”
In addition, BP has agreed to a $20 billion fund to compensate victims of the spill for their economic losses, and BP will have to reimburse governments for natural resource damages.
“BP will be held absolutely accountable,” Browner said.

I agree that this is the only right thing to do. That money should go to the Gulf so that it can be used to help the people and the enviroment that have been hurt because of the spill.

[moneysense]

I agree, those folks need to be compensated for this oil spill as they arent able to carry on their businesses as usual and have taken a high financial loss because of the spill.

Not only do the fishermen suffer, but so do hotel owners etc because they just havent had the tourist trade that they usually do.

So yes, give all money collected from BP to the people that have been harmed. It is the right thing to do.