Floridians Receive $767.3 Million from BP

As part of its ongoing commitment to “making it right” in the aftermath of the Deepwater Horizon Oil spill, BP has released updated figures on its payments and investments in Florida. To date, BP has invested more than $760 million in the state to pay for grants, claims and recovery costs from the oil spill.
BP’s response to this disaster remains unprecedented in terms of funds and resources. This summer, BP had more than 45,000 people working across the Gulf on Deepwater Horizon response. The company will maintain a strong presence in Florida and throughout the Gulf until the job is done.
Of the $767 million BP has paid so far in the state of Florida, $577 million has gone directly to business and individual through the claims process. The next largest amount, nearly $72 million, has gone to those working in the Vessels of Opportunity Program. That program put fisherman and captains to work over the summer helping with oil recovery.
Another large portion of BP’s payments and investments, $32 million, has gone to help Florida’s tourism industry. Several Panhandle communities used the tourism grants to put on weekend festivals. Most recently, Pensacola Beach hosted the De Luna Festival which was extended a third day because of BP funding.
You can see BP’s full financial commitment to Florida in the chart below. These are not final financial figures, just the most recent update as BP works on its pledge of “making it right.”

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