Tallahassee Leaders Accept $2.6 Million BP Oil Spill Settlement

BP Settlement
Posted at 12:04 AM, Jul 09, 2015
and last updated 2015-07-09 04:23:07-04

TALLAHASSEE, FL (WTXL) - Tallahassee city leaders accept oil giant BP's offer of $2.6 million in the oil spill settlement.

BP made the final offer Wednesday, during a special meeting with city leaders.

The city says the settlement is for economic losses due to the 2010 Deepwater Horizon Oil Spill.

Now that the city has accepted this offer, a U.S. district court in Louisiana will decide whether BP can actually follow though, either partially or fully. This depends on whether or not the nearly 400 cities who have also sued BP, will accept their offers.

If enough cities accept their offers, the money will be distributed. The current settlement is a joint effort between these cities.

Last week, BP and five gulf states, including Florida, reached a settlement regarding the oil spill. Florida is receiving the most money - $3.2 billion.