The Advocate reports the money was included in BP’s record settlement of more than $20 billion finalized last week between the federal government and five Gulf Coast states involved in the sprawling litigation.
A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
Bill Maddock, an expert in offshore operations and engineering, has been tapped to lead a Houston-based deepwater offshore energy research center established in the aftermath of the Deepwater Horizon spill.
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